A lot of rumors from different sources confirming that negotiations are going on.. maybe, as it is still non-official just based on assumption and everyone well-wishing and wanting reality which might becoming one. ( Whey, let’s take a breather here).
OK, let’s assume with 99% probability - They are talking.
Than what we (PTQ) have to offer them (FQM).
With price of gold continue to fall below $1200, and production cost increasing to $800 range our average and sometimes below average grade ore is threatening to make Petaquilla less and less profitable.
That would take Moleron plant of negotiating table,
then what’s left is PDI and Land.
How much it worth to FQ?
Let’s not to forget that FQ is in a middle of their cost cutting Engineering Report which they suppose to introduce in a few days.
Will they be able to come up with the Deal positive enough for PTQ shareholders and cheap enough to convince their people? That’s 300 mil. dollar question, soon we’ll know.
