Q & A from 5i Research on the recent court ruling;
Question: Thoughts on PTQ - First Quantums take over bid of Inmet - Land rights ruling in PTQ's favour over Inmet http://www.marketwire.com/press-release/panamanian-supreme-court-national-lands-administration-authority-anati-rule-favour-petaquilla-tsx-ptq-1755767.htm
5i Research Answer:
PetaQuilla looks decent enough, and is sort of in the 'cat-birds' seat now. Both Inmet and First Quantum could be helped by PTQ's Panama connections and assets. This ruling adds further value. PTQ's last quarter was solid, with revenue and production up and cash costs down.
We would expect, over time, that PTQ gets another, better bid for a takeover of the company.