First Quantum Minerals Ltd T.FM

Out of the Frying pan.....and

[mrmomo]

Into the RED-HOT fire.........LOL

https://finance.yahoo.com/news/panama-mulino-says-mine-talks-150324593.html

So much for this recently elected president & NEW administration "supporting" & respecting their OWN laws & property rights! Seems to me, as per HIS recent comments regarding ANY talks about re-opening Cobre and FM's legal right to the mine......it seems it's gonna be MORE shakedown,threats & blackmail.............tring to GET MORE money from FM. From the already insanely ludricrously rich deal this Pandamonium Gov't already had in place.....

Just look at some of the "interesting"comments madeby him or what i like to call " Sarning shots off the bow" & blatant threats........of things to come.....lol

"any future operating model wouldn’t use the type of contract that was previously signed and was “plagued with unconstitutionalities.”

"the country’s Supreme Court has spoken, for good or bad” in deeming First Quantum Minerals Ltd.’s mining contract for the Cobre Panama operation as unconstitutional."

And of course this REAL beauty right here.....LOL.....Oh my poor FM....lol

"The government is the owner of the concession and will remain so, he said."

And we can't forget this "CoupdeGras" quote below......lol

"Any future talks would require First Quantum to first halt arbitration proceedings against the shutdown decision by the outgoing government, he said. Vancouver-based First Quantum declined to comment."

Which of course is anothernear misss or "shot acrossthe bow" for FM mgmt ......from this supposed NEW pro-business president......and most likely what seems like an outright threat from him to FM.......Which i interpret as "STOP ALL your legal proceedings against us RIGHT NOW ........OR ELSE!!!"

And if FM mgmt isdumb enough to do it, to fall for it & given in....by giving up their ONLYreal BIG leverage against this corrupt Padamonium Gov't, the international arbitrational courts, for which imho they have a real GREAT legal case.....THEN FM deserves what they reap for making stupid decisions......

Let's SEE how FM mgmt react to these words.......



GLTA

[TELEMARKER]

Panama economy condition? 1000 high paid miners out of work. Pick bananas instead. No $375 million annual payment from FM Panama Canal drought Panama president-elect rules out First Quantum talks until arbitrations dropped (msn.com) The Panama Canal averts a crisis for now—but at a cost to drinking water (phys.org)

[Singoa58]

Tourism is blossoming along with new infrastructure connecting the country... No more mining especially  indigenous owned land... Panama would never pay any arbitration award ...the cash only flows one way