OK, now I see what you mean.
However, FQM already resolved the land issue last fiscal year as far as they were concerned. Without a desire to mine there is no reason to have the concession. Now it is possible that another entity could buy the company. I do not see anyone, except maybe the Chinese ensconced over at the Trump Hotel for a year, willing to make an offer that would recognize the fundamental value of the company, and be a price that the majority of stockholders would accept. Cultural issues aside, I don't see it selling for less than $4.00-$5.00 a share for the assets in Panama. There is no one on the horizon willing to pay that, and a large majority of the stockholders, realizing the future opportunities, and the leverage in Panama, would not sell for less.
Sure the little guys in the retail market would do somersaults just to get $2.00/share, but the deep pockets have no need for money, and see the future from a different perspective. I can't speak for them, but that is the feeling I get, anytime I speak to those with at least seven figure investments. You have five groups: 1. Germans, 2. Elite Panamanians, 3. Large stockholders of record, 4. Company Management & insiders. 5. Small retail stockholders. I think groups one through four represent about 85% of the stock.
When the GDXJ returns to new highs it will be a whole different story. Eventually Ben will run out of ink, paper and gas for the chopper.
