Red Cloud raised target to 1.90Canadian12 Nov 2020 07:05
Notable News
SolGold Plc. (TSX:SOLG, BUY, C$1.90 target, Jacob Willoughby) announced the resignation of Mr. Priy Jayasuriya, Chief Financial Officer (CFO), by mutual agreement, effective immediately. While the company has commenced the search for a new CFO, it has appointed Mr. Ingo Hofmaier as interim CFO. Mr Hofmaier has served as Executive General Manager, Project and Corporate Finance of SolGold since September 2019, and has over 20 years of corporate finance and investment banking experience. SolGold also announced the formation of the Alpala project committee comprising of eight members, including three of its board members and two independent, non-executive directors. The objectives of this committee are to set the strategy, provide advice, support decision making and monitor the development of its Alpala Cu-Au-Ag project. In our view, the formation of this committee should be viewed positively given the gaps identified in the expertise of the company’s Board of Directors, following an internal review and shareholder feedback, earlier this year. The executive oversight to be provided by this committee, leveraging the experience of its members, demonstrates the company’s commitment to move the Alpala project forward. Read more