There is nothing amazing about it. Just facts.
What Petaquilla-story had to offer then other junior:
1) Location, location, location.
2) L/P , = long term prospect, 100K + producer,
3) PDI spin-off,
4) Panama company with government connection.
Today:
#2 is gone,
#3 is not going to happen because it is the only cash source with gold price in a pits.
So, #1 and #4 are left, that is why I’m still here, but story is not the same anymore.
Now, if some magic fairy will wave her wand and gold price goes back to $1600,
and we get other property similar to L/P- then I will be happy to raise the bar.
But today , it is 50/50.
