You are on point, but low valuation IMO.
IMO Petaquilla will not be sold, but progress is in the wings.
The focus on aggregate and curtailment of gold processing was required by the legal obligation to FQM. We have a contract to honor. Reduction of gold processing was even recommended by the trolls here because of the low price. If one does not know what is transpiring it is easy to be confused. With an agenda it is even easier.
The business performance during the six months ended December 31, 2013 has been focused to continue stockpiling low grade ore material looking forward to increase gold production through the start up of a heap leaching operation expected to be occurred during the first half of calendar 2014, to consolidate the aggregates business throughout the execution of the $100 million worth contract signed between the Company and First Quantum and to expand the potential for the Company of PDI’s new aggregates and infrastructure business with FQM. In this regard, the Company and FQM has been engaged in several negotiations and, in particular, in a mediation process regarding the access to an extensive land package with recognized exploration potential and critical for the development of Inmet’s Cobre Panama mining infrastructure. (from stockhouse)
Things look much better from my view than they did last fall. Still buying shares regularly. I expect more news to be coming soon.
