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Re: acanuck post# 22037

Thursday, 10/10/2013 9:00:56 AM

Thursday, October 10, 2013 9:00:56 AM

Post# of 26631
Good to hear you woke from your sleep. IMO FQM has no obligation to see that PTQ survives from themselves. If PTQ can't manage their business they go down and FQM most likely buys them for something much less than where their market cap currently is. Why wouldn't that work for them?

FQM only did an aggregate deal with PTQ because it was in their best interest to do so. Unlike Inmet, FQM understands that it's better to try and exist with PTQ than fight them, but IMO it would be in their better long-term interest in Panama if PTQ did fail. They would at that point just buy their assets on the cheap and have them out of the way to boot.

If FQM sees it in their best interest to do some sort of JV deal and coexist with PTQ in a longer term relationship that should ensure PTQ's survival. Depending on what exactly PTQ would get in such a deal, but your premise of FQM needing PTQ is IMO backwards. PTQ needs FQM more for the future business they can provide to them.
Why do you suppose management found it more important to provide aggregate to FQM than attend to digging for gold in Q4?

FQM is looking after themselves. Let's hope PTQ is looking after it's shareholders.

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