InvestorsHub Logo

Implanting

12/19/12 12:26 PM

#19061 RE: JustForFun7 #19060

Yeah, you bring up some good points. I agree with what you say about FQ and Inmet. The way I see it if FQ only upped this last offer about $2, from $70 to $72, then I can't see them offering much more than $80 in the end. Still not a bad deal for Inmet shareholders. I'd personally like to see other bidders come into the process, but the point you make about Panama's banana republic past is well noted. It doesn't appear that's a problem for FQ to this point and it's pretty obvious that C.P. is why FQ wants to buy Inmet.

It certainly appears to me that the potential buy-out going on between FQ and Inmet has our land deal put on the back burner. I wouldn't expect something to happen on that front before something is finalized between them. Either a deal getting done or FQ walking away from Inmet, so because that may take awhile hopefully PTQ annouces something on the PP or will at least let us know what the hell is going on and where we stand.

The best case for us would be to get a nice chunk of money in a land deal and move forward getting out from under DB and be able to pay for what's happening in Spain. If that happens or ever gets done is anybody's guess, but I was told by the IR person that the PP was well received and assume that money is available if we want to take and use it to take care of business.

VBgood

12/19/12 12:41 PM

#19062 RE: JustForFun7 #19060

JFF, sometimes I don’t know how to take your comments.
Are you serious or just having fun (no pun attended)?
Banana republic?- let’s take a look on FQ non-banana republic concession: would I wanted to invested in one of their mine in Zambia with friendly machete waving mine workers?
Or how about concession in Mauritania ( bet most of people will not find it on a map).
Hell No?- Then next FQ mine is in Peru- right with socialistic government thinking about nationalizing your assets. NO, Thank you!
What about Inmet concessions? Mine in Turkey with crazy Iran/middle-east problems ready to explode or underground mine in Finland
ready to be shut down in a few years.
Hell NO.
I’ll take striving Panama economy any time.
Have any of you ever visited Panama City , I did. More and more American Businesses moving their HQ to Panama, and of today wire: next year Spanish-Latina-America summit scheduled to be in Panama City.
Cobra is a gem and everyone knows it.
P.S. I do like my bananas, they are from Costa-Rica, can't think of any mine there.