A Semi-decent post should get response.
I do not see the brand being sold. However, if the reserves in Iberia do turn out to be 6-7 million ounces, with even more including San Telmo, some sort of accommodation might be in the works for FQM, and be accepted by shareholders. Petaquilla per se, is not for sale, but $0.75/share tied to a very good FQM warrant, assumption of all debts, contract production for the mill at Molejon, and a clean up of all the rights and land issues could be attractive. PDI would not be sold.
As far as taking care of stockholders, one needs to remember all the shares held by management, large stockholders, and Panamanian elite. All stockholders would be treated the same by law, so no worries there.
Finders fees have always been exactly what industry guidelines call for, so that is a non-issue.
There are many ways this could all shake out, but one thing is pretty certain. Based on commitments already made in Panama by FQM, and their historical record, anything done would be done on a friendly basis, and the vote would be recommended by the Petaquilla BOD.
I really don't believe that this is coming, but something attractive to both companies could be worked out. I just view it as unnecessary and an unneeded distraction for FQM. Just another baseless rumor to fill slow times.
AI
