JayWalker, You need higher sources at FQM.
I do not doubt that you are telling the truth about what the workers at FQM are saying, an doing. However, they need to look over their own shoulders a little, and not laugh at the PTQ workers and project. The FQM report is now completed and the London office that works with the Panama Team might be able to tell you that PTQ was not the hold up for the last eight months.
1.The issue is resolved, and now I expect the influx of several thousand experienced employees, who already work for FQM, will take many of those local union jobs at FQM. In addition if your friend read the papers the company filed with Mitradel he would know those workers are coming to take his job perhaps. Read the information that VB was kind enough to give you and you will understand the process. It is the company that is dragging the union kicking and screaming to Mitradel because of the changes in operations that are taking place. Read carefully the section about mining, our Chairman had a lot of input into that section as he was the head of the national mining group.
2.I have no idea about this.
3. I know of nothing that is or has been sold. The mode of operations going forward is designed to maximize profits and take advantage of low cost production. Sorry, but no yard sales in the future. Nothing being 'dismantled'. Again, with some access, you would know more about the decisions that are made.
You buddies laughing their asses best watch out about their own jobs. Big changes are coming to FQM and that may affect their employment and wages. PTQ certainly is not imploding and I'm afraid you are just getting scuttlebutt. They need to be steering the boat instead of rowing below decks to know where it is going.
I agree you should have followed you gut and not been greedy. PTQ is a very long term investment at high risk. Hey! But we have come a long way from the two and three cents per share years! Perhaps three or four more years before you see a new ATH. Most Panamanians I know have large investments in FQM and that of course is generational investment. Can't really compare the two companies.
As to the contractor in Penonome, I again have no idea about his situation. There are a lot of people in Penonome that are disappointed that they were not able to make the money they dreamed about. When you read the new report on Cobre-Panama you will see that FQM is truly and in-house operating company and many locals will be disappointed. The port at Punta Rincon will have things coming in both directions and many supplies and materials will be shipped in from elsewhere. Remember FQM is a large world wide corporation.
With regard to the process ongoing...I would expect the proxy to be mailed about mid-April and the vote to be about mid-May. We should have our money just in time. Start a new year at the end of June operations fully functional and profitable! Maybe the trolls will have sold and moved on by then. The old lady under the northern lights will still be here though, without a doubt.
Carlosc: Sorry you do not like Don Winner. He has a very proud military record, and is a fine person. Perhaps he is 'ham-fisted' a little at times. LOL. COPA has been a great place to invest. I am acquainted with them since 2006. Melo is another good company.
