Jal,
Im sure all the reasons for this company's shares will come back to you if you take a moment to reflect. Things are improving but there is a lot of history and there still remains lots of room for the situation to improve.
The muted response may be because some were expecting 100-150 million in cash for a land deal. Money that could have been used to further develop Spanish properties with less debt. Getting the debt deal signed will definitely change things in my eyes and as some have suggested lead to a re-rating.
I'm still holding some shares. It is a little bit tempting to add some more here as a trade since more news is likely coming this week and POG is bouncing some. However, I have been on holidays and my timing is rusty and the markets are jerky which makes it hard to predict accurately what might happen.
If POG is at the start of a major upswing, this would be a great chance to increase one's holding of PTQ.
Good luck to all no matter what your choices you make.
JFF7
It's better to be out wishing you were in than in wishing you were out.
"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes
