PTA won't get bought out anytime soonStop dreaming guys !
if any company were to put an offer on PTA say tomorrow, and let's assume it's a very very generous offer, let's say 0.30 CAD roughly double the current the price. Do you guys really think the big shareholders of the company are gonna cash out at such a price ???? Of course not !!! I hardly doubt they would even consider a discussion less than 0.60 or 0.70 and that's not gonna happen anytime soon. So I highly recommend you guys to get off that acquisition dream and all that takeover BS !!
PTA is extremely cheap even @ $55 Oil and management aren't stupid and very aware of what they own. PTA today is less than the value of Suroco alone, and maybe it seems it was expensive now, but guys, don't forget the vicious battle between them and Vetra over Suroco and to those who don't know or forgot, Vetra are Suroco's partner in the Soriente block and the operator and they were so eager to take Suroco for themselves !! That means a lot.
Anyhow, all we can hope for now is success from their new wells and good news from Columbia and in time the stock will appreciate back to a fair value that reflects this new Oil environment. Again I am long PTA and a very substantial shareholder and I would love more than anyone on this board to see this stock at least back to were it was a few months ago !!
GLTA
Deadcow