You have to look at it in these terms. Every PTQ shareholder has a price they'll let their shares be sold at. What's the price? We currently are trading at a lofty .45/share, so if FQ offered a HT price of let's just say $1/share for PTQ I suspect a buyout would happen very quickly as most PTQ shareholders would stand to profit and be willing to sell. Management won't have any say in the matter. The shareholders agree to sell.
If FQ wants just our Panamanian assets that could be why now Fifer is doing another Spainish mine deal, they see the handwriting on the wall and want to add to their out-of-Panama assets, so they have somewhere to mine if FQ wants their Panama holdings. Just my guess.
FQ would play it the same way they're playing the game currently with Inmet. Make an offer and slowly walk the offer higher if the first offer isn't accepted. Eventually the shareholders will agree to sell. Game over.
FQ is a big time player, well above Inmet or PTQ's status and unless there's some sort of government intervention will get what they want from PTQ.
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