RE:RE:RE:RE:Buyers beware...lots of bad news ahead yet to be disclosedI don't worry about PTA's rollback, I worry about their debt refinancing. They have a lot of issues to overcome as well. Lack of exploration success and catalysts being a big one. I sold PTA a month or so after the Suroco acquisition and have been waiting to get back in. Once there is clarity on their refinancing and have clarity on Langur discovery I will be buying.
Seems like deja vu again, at begining of 2012 PTA had proved up Las Maracas and needed to do a debt financing, stock was trading at 10 to 15 cents and then once they closed the financing and started drilling development and appraisal wells the stock ran to 40 cents and then they couldn't follow up with any impactful exploration discoveries for the remainder of 2012, 2013 and we will see if 2014 is a bust as well with the pending Langur results.
Anyways, I'm happy for the shareholdrs of Canacol today, just pointing out the obvious risks to the new buyers that haven't follwed the Canacol story for long.