Petaquilla Minerals Ltd PTQMF

RE: My post from IH

[wwadehammer]

Good Afternoon VB.  If management was worried that Inmet's bid would succeed, and management had Inmet over a barrel, management would release what they had on Inmet to reassure the stockholders.  So either management is not worried that Inmet's bid will succeed or there is nothing they have to blackmail Inmet.  As you say, they hired UBS to advise them how to beat off the takeover (strategic alternatives) which indicates to me that their worried that Inmet's bid will succeed and they have nothing to force Inmet to up the bid.  Hiring outside advisers means management expects a hard fight to beat Inmet off or get a higher bid.