Yea, right. You go on and sell. I am pretty sure that some kind of deal will be strike, but first FQ has to take care their imminent financial problem.
Once that done PTQ will be next. From production stand point - second quarter has to be so much better since equipment issues are gone.
FQM just asked for more time by postponing their Engineering report to early 2014. That report will tell us a lot about their plan concerning PTQ, who knows maybe by the time report comes out- PTQ “case” will be solved to everyone satisfaction.
Of cause some traders who wanted quick turnaround for their money will leave and SP might go lower, but I personally can wait a few month longer. In mean time we are digging and pouring.
And don’t forget Petaquilla is still Panama company, FQM is not.
Pascal will be very careful trading water around Petaquilla, they are the ones who laid off 50% work force and not Petaquilla who continue to provide work and good living for locals.
There is a reason why FQM financial problems were discussed in Panama media - it is to put gentle pressure on them to start executing their production plan . Election year is coming and I am sure Pascal knows not to full around if he wants to keep his concession.
The worse is behind us. 2014 looks very promising.
