It may be news to you...it's done.
Reading the Press Release carefully you can piece together most of what you might want to know:
"...The intention of the amendments currently being negotiated is to eliminate any overlap of the current operations of Petaquilla and Cobre Panama. This will involve the purchase of certain selected assets by First Quantum from Petaquilla so that there is a complete separation of the two operations...
...so that it has outright ownership and control of all of the areas necessary for access, infrastructure, development and expansion ..."
Could not be much clearer: No total sale of company. No cash payout to shareholders. No payment in FQM stock. No Joint Venture with FQM. No merger or amalgamation with FQM.
So now you need not speculate, or wonder about the future. The decision is crystal clear and will be covered in the proxy that is being prepared as I write. Expect the vote to be scheduled about May 15, 2014. Just read the proxy and choose.
Now every stockholder will have their say, and be counted ACCORDING TO THE INVESTMENT that they actually have in the company. That is all that matters from this point forward. Complaining, whining, ranting, insulting, 'Ad Nauseam' is just venting in the winds of reality. Same with any statements of support for the job that has been done. History does not count good or bad...just the vote.
The proxy will explain a very clear and simple choice:
Yes vote: Support of BOD and acceptance of the deal.
No vote: BOD resigns and company files Bankruptcy.
You do not need to be told anymore. You do not need to know anymore. It is a very simple decision that even the most clueless stockholder, with the lowest IQ, can make. Move forward, or walk away. There is no in-between and your opinions about the company, BOD, Richard Fifer, Management, or anything else do not count for anything, either way.
Of course you can choose not to vote...that is your right and fine with the rest of us. Our votes will have that much more weight, no matter which way we vote. As the saying goes...money talks and BS walks!! Those who have substantial investment herein will make the decisions. The rest can jabber about this or that until the cows come home...it doesn't matter and no one cares.
Fish or cut bait...walkaway or walk on...finally a clear fork in the road. The choice is yours and your influence is governed by the risk that you actually have, not by fantasy, opinion, or history. It does not matter; you need to know nothing else about the company's involvement or the plan. Even the lowest simpleton or poor character and vision should be able to grasp, it is a very clear choice...Nothing more to comment or discuss. It has been interesting...END OF DISCUSSIONS.
If you don't like the choice you have, or the result of the vote, just sell and go away...no one cares....
