RE: Strategic Review28 Apr 2024 15:32
Agreed HfH...sund analysis...
However, it has been clear for 18 months that the intention has been to sell Solgold as a company.
Now it may well be that serious prospective bidders don't want the 89 other projects and some or all may be dealt with separately.
IMO the 'Strategic Review' has always been a smokescreen...especially the CGP investors want out, lock stock and barrel.
In the meantime, it was clear that there were ten EOIs for offtake and like DBH I think we will see the cash position secured for at least 2 years early this week, with a conditional Offtake agreement maybe for as little as the first year of production...a deal which could be cancelled in the event of a takeover.
Then watch the SP take off and I believe if it hit the 20s pretty quickly they might sell the CGP stake to the highest bidder PDQ, thereby possibly nullifying the need for the offtake...
We shall see...
20p+ by Friday Novice?