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german_investor

10/23/13 2:29 PM

#22335 RE: VBgood #22334

The Answer will be very easy:

PTQ still holds the Goldrights on the Cobre Panama Project and thats a BILLION-RISK for FQM.

Also every delay on the development of the Cobre Panama Project will cost FQM round 100 Million USD. It´s better to takeover PTQ/PDI and produce the aggregate self. So the risk is in THEIR HAND.

If you are good Manager, you would minimize your risk as good you can. So it´s on the Hand, that FQM will have a big interest to takeover PTQ.


IF YOU DONT DO IT NOW (IN VERY BAD SITUATION FOR PTQ), WHEN WILL YOU DO IT????


The Shareprice tells us already about it :)

ServantofBob

10/23/13 2:32 PM

#22336 RE: VBgood #22334

I can live with an intact PTQ, I can live with a reasonable buy out. I find the the selling of the Panamanian assets alone to be the worst of all worlds, I would like to know that this is not a consideration. As far as DB goes, they want their gold stream and will work with PTQ if it is assured.

eom7

10/23/13 2:37 PM

#22337 RE: VBgood #22334

...put yourself in Philip Pascal shoes, why would you want to buy Petaquilla?



Because your deal to buy aggregate is worth more than the market cap of the Company... at least that's the way I see it.