1. Banks rarely indulge in getting their commercial loan customers closed, unless the bank itself is facing illiquidity. They are used to ups and downs in the business cycles of their customers. Unless fraud is involved in not paying back despite having income, restructuring the loan is the way they usually go as that usually affects only the interest part.
2. Attaching the property pledged as security is rare unless it is a niche bank like RMBA that deals exclusively in mining - that is like residential mortgage foreclosure - bank loses part of capital too in uncertain markets. Even RMBA has to indulge in downsizing after taking over defaulting mines. If foreclosure and closing down of commercial firms were the only solutions for the banks, none our businesses would have survived this far.
4. If projected profitability of Spanish concession didn't turn out to be as profitable as predicted, especially in the current gold situation, then good that the concession permit was let to lapse.
3. Unless the real interest rate (RIR) becomes negative, chances are that gold will remain at this level, if not falling. Otherwise gold should have gone up when Stock Indexes fell. So it is ideal that Petaquilla cut back its production of gold just enough to payback the DB obligation and the expenses.
4. Fifer is not the actual owner of PETA, otherwise he would have owned more shares than what he has now. He is just the rep for the real owner - the GOVERNMENT OF PANAMA. No way he can hand over 11,145 hectares of government land to any company, let alone FQM. PETA got it only because it is a government company.
5. Panama government has other better sources of income than what this company makes, so nobody is desperate to sell off anything. And unlike some of the companies in USA and Canada, the officers of this company have other sources of income. So they are not praying to Christ daily,"Oh, Jesus, please acquire us somehow".
6. FQM is too big a company to be bothered about acquiring smallfries like PETA.
7. So other than the previous agreement on aggregates, there were or are no talks of any merger or acquisition.
8. If there are it will be made public like it happened with INMET, they won't delegate it to some guys here to declare it on IHub first. All this allusion to secrecy purviewable by only a few favorites and chosen ones is just because some people here are mistaking corporate finance with personal finance. So if there are talks let the company say it than permanently promising "two weeks later miracle or death will happen". Many such two weeks have passed without the promised miracles or death because no talks are there.
9. The company is neither euphoric like the pumpers nor is depressed like dumpers. Ups and downs are part of business, especially in mining which is dealing with ever depleting resources with ever lowering grades. And this is not going to change if pumpers abuse dumpers or dumpers insult pumpers - the stock price is neither going to rise or fall because of verbal acrobatics, personal attacks, scorn or rumor-mongering on Ihub.
10. All these pumpers and dumpers are two sides of the same coin - FLIPPERS. Otherwise their names would be not here on IHub but on SEDAR FILINGS as insiders! Any way this is one of the best ranger for flippers for a long time now because it has good support level too.
AI
