PetaCo's concessions are Panama's national flagship property, so no way Panama will allow any sale even by Feifer. And Panama is not dependent on PetaCo for its governmental expenses.
Panama's US$58 billion economy and US$9 billion budget are not dependent on its small mining sector which accounts for only a fraction of the total economy, let alone the pittance represented by PetaCo.
Any area other than the original 136 sq.km granted by CL 7/1997 is only a permission to prospect, that doesn't mean all the land being prospected by PetaCo is theirs. Even that 136 sq.km can be nationalized in the name of national interest.
Also, any wrongful sale behind the back of government means, government can take back the lands under concession without paying any compensation to anybody involved, IF NOT BY THIS GOVERNMENT, ALSO BY A FUTURE GOVERNMENT even if the present government blesses any such sale.
There is a huge difference in the word "CONCESSION" and "PROPERTY". So all talks of selling any land to any third party is a pure figment of imagination.
If any company needs money for foreign projects, they will have to find alternate sources for it other than selling off Panama's flagship properties.
So plan your investment accordingly, not based on wishful thinking as if Panama will die if PetaCo does not hurry to sell things it actually does not own.
