Petaquilla Minerals Ltd. (fka PTQMF)

[JustForFun7]

I don't see FQ offering much more for Inmet. Analysts are saying 80-90 dollars is needed. Even saw one on BNN that said 120 could be possible. Inmet's share price has already moved from lows of 37 dollars in July of this year up to the 70s. That a pretty nice gain already. If it's other properties are not doing that well as the pumper suggested when Inmet was trying to takeover PTQ then Inmet should not be worth much more.

C.P. potential has to be discounted some because it's location in a banana republic. No other bidders have stepped forward either which may be a message in itself.

PTQs share price should improve as a result of the new ball mill and the start up of HL operations. But weighing against that is a falling gold price and questions about how they will finance their increasing Spanish properties. A land deal with Inmet (or FQ if they do takeover Inmet) would go a long way to relieving those concerns. New debt would allow the PM deals to be bought out and free up cashflow. But when will those items get done.

JFF7