InvestorsHub Logo
icon url

investor20501

10/10/13 3:45 AM

#22038 RE: acanuck #22037

@ acanuck

i share your thoughts, but: why should fqm feet ptq? to complicated. if they need ptq, they will buy the assets. done. to complicated to deal with "little ptq" all the time and upcomming years. they know that ptq needs the money, urgent. so why work together with them on the long run? isnt it easier to just buy the assets in panama? than fqm is the major down there. no more problems with little companies like ptq. what would you do in fqm situation? think about it. I would take some pocket money, lets say 60 cent a share and buyout the panama assets. done. easy, smart and honest.

icon url

VBgood

10/10/13 8:05 AM

#22041 RE: acanuck #22037

Acanuck, some people never learn that Petaquilla is more then just another company , you have to be in Panama I guess to understand, specially for laughing $.60. maybe $ 3.00 and we think about it, but …
FQM is developing great relationship with us, a lot is going on.
If you look at the Minera site – you will see new pictures of roads , power stations , buildings all build with PDI help. Synergy .
icon url

Implanting

10/10/13 9:00 AM

#22042 RE: acanuck #22037

Good to hear you woke from your sleep. IMO FQM has no obligation to see that PTQ survives from themselves. If PTQ can't manage their business they go down and FQM most likely buys them for something much less than where their market cap currently is. Why wouldn't that work for them?

FQM only did an aggregate deal with PTQ because it was in their best interest to do so. Unlike Inmet, FQM understands that it's better to try and exist with PTQ than fight them, but IMO it would be in their better long-term interest in Panama if PTQ did fail. They would at that point just buy their assets on the cheap and have them out of the way to boot.

If FQM sees it in their best interest to do some sort of JV deal and coexist with PTQ in a longer term relationship that should ensure PTQ's survival. Depending on what exactly PTQ would get in such a deal, but your premise of FQM needing PTQ is IMO backwards. PTQ needs FQM more for the future business they can provide to them.
Why do you suppose management found it more important to provide aggregate to FQM than attend to digging for gold in Q4?

FQM is looking after themselves. Let's hope PTQ is looking after it's shareholders.