RE: Cannacord broker rating 46p..no change10 Nov 2025 19:11
It actually commenced well over three years ago, and this is what we were told at the time
SolGold is pursuing a strategic review process with the goal of maximizing value for all shareholders (the "Strategic Review Process"). Accordingly, SolGold has appointed Citigroup Global Markets Inc. ("Citi") and Maxit Capital LP ("Maxit Capital") to act as financial advisors to assist with exploring value creating alternatives for the Combined Group. The Strategic Review Process may include, but shall not be limited to, evaluating and pursuing the following:
· evaluating financing alternatives for the Combined Group;
· a spin-out of assets, other than the Cascabel Project, to all shareholders of the Combined Group;
· the direct or indirect acquisition of an interest in ENSA and/or the Cascabel Project howsoever effected; or
· any other transaction or series of related transactions as may be agreed to between the Parties
How can it take three years to "review" each of those options and report back to shareholders on the findings of the review team?
If you know how to read an RNS properly, and we all know that Quady doesn't, it is simply saying the goal is still so sell the project any which way we can. That hasn't happened in three years, does that mean the review is ongoing?
Of course not, the review is simply the goals of the board and always was. There is no "result" of the review or feedback. It is a process that does not exist