Petaquilla Minerals Ltd PTQMF

Approaching One Year

[wwadehammer]

FQ took over Cobre Panama in March 2013.  FQ's plan was to redesign the project to achieve cost savings.  They originally projected to complete the redesign by October 2013 but have now extended completion to the current quarter (Jan - Mar 2014).  FQs has had almost a year to complete the study and it's hard to see what's holding them up at this point.  There must be some sticking point.  Wouldn't think PTQ could hold up the project at this point but who knows?  The redesign plan is 3 months late at this date and every day that goes by delay's the start of plant construction and the start up of actual mining.  Mr. Fifer might be holding tight on his asking price to sell out if he has a way to gum-up FQ's plan of operation.  FQ might be hoping PTQ goes belly-up soon thereby delaying buying PTQ for a price it thinks is unreasonable.  If this is true, all PTQ has to do is avoid being forced into bankrupcy and wait until FQ caves.  While most of us here would jump at a hostile take-out offer from FQ at 65 cents, Mr. Fifer seems to have enough votes to kill any deal he doesn't like and FQ probably doesn't want to push it.  Must be a lot of things going on between FQ and the government at this point.  Wish we could be privy to it but we're just little fish in a big ocean.