Excellent outcome For FM!!!In regards to the presidential elections this past Sunday in Panama. I don't think FMcould have asked for a better outcome. Now the next step is to see & feel out this NEW administration and see if some deal can be hammered out by both parties and reinstate the validity of the Cobre mine. If this NEW administration is really PRO-business and respects the laws & property rights, then FM should get back ownership of the mine & get back into mining it fairly quickly, before year end.
On the other hand, If this is NOT the case, and this new president & his administration are as crooked & greedy as the last one which tried to blackmail & shakedown the company for more money, then FM will be stuck in totally limbo with Cobre and it''s only reprieve will be the international arbitration courts. Which could take years to resolve. I think IF the NEW Gov't has any smarts & wishes to get back in good standing with the rest of the WESTERN world, then it's in their BEST interest to anull what the previouls Gov't did to FM with Corbe and reinstate their lawfully given right to mine........with a NEW deal or a slightly revised one.
So let's see where this goes...... FM was already cheap when it was trading in the mid 20's, and dirt cheap when it dropped below $20 on this pure BS. And a TOTAL steal when it got hammered under $15. Sowith this positive outcome, i could easily see this back over $20 in NO time. And many potential suitors coming back to revisit the company for a possible acquisition.Why? Because FM is one of the VERY few independent copper miners out there, who's NOT Rio, Glencore, Vale, or Teck. And all of them will be closely looking at FM, to be the first one to try to swallow them !
GLTA