THIS is what crooks do....And 99% of the time, these easy soft targets, like these NON-combative, literal "sitting ducks" Canadian miners, which of whom hold VERY valuable assets outside North America in VERY politically unstable jurisdictions, eventually lose their ownership OR get taken over CHEAP OR get completely booted out from the country they operate in. You almost NEVER see this happening with American miners, half the time it's Europeans or other and the other half is ALL Canadians. And you don't have to be a rocket scientist or brain surgeon to figure out WHY.
Canadians in general are viewed non agressive passifists, a literal joke and are completely ridiculed and NOT taken too seriously by anyone outside Canada. And this evntually, trickles down to & translates into the Canadian corporations & Ceo/mgm that lead them. Just look at how many Canadian miners were booted out or assets siezed in places like Afirca, South America & Asia (non oriental asia!) in the last two decades. The list is Soooooo long that i don't have enough time or space to name them all....
IF First Quatum mgmt want to GTHO of this "delicate & precarious" situation in one piece without losing all their assets or having to pay BIG bucks/bags of money to keep them, then these Canaidan corporations have to take a PAGE out of the American playbook and play HARDBALL with these crooks. Because if they don't......they might as well start packing their bags, that single shirt they left on their backs, tuck their talis behind them and leave now. The problem is Panama is not only VERY complicated because you have a few players behind the scenes, hiding in the shadows, who want the Canadian OUT & take control of those VERY valuable, lucrative copper mines. But what folks don't graps, that it's not ONLY the politicians who are pulling the strings here and have their hands out for MORE........
Yuo don't lose MORE than half your market cap in a few days, which is ~$14B!!!! btw for those that can't add ........for solely those Panamanian assets. Someone is trying REALLY hard to put the MAJOR squeeze on FM, Fm mgmt, FM s/h and scare the beejesus of them & out of those Panama mines. And this goes WaaaaY beyond JUST those crooked, VERY greedy shady political figures......
GLTA