Loading ...BTW with a few minutes ahd don’t have to do the cooking today of quiet time, thought I’d respond to your comment Goro had fallen on hard times and that bearish candle.
Apparently they have and any buying at this time would be risky with only a potential possibility to get a good deal on its sale. A portion of Edgar reporting.
Review of Strategic Alternatives
Notwithstanding the technical successes noted above, in light of the continued challenges facing the Company, the Company’s Board of Directors has decided to initiate a formal review process, with the assistance of outside financial and legal advisors, to evaluate strategic alternatives for the Company. The comprehensive process will begin immediately and will evaluate a broad range of options to maximize shareholder value, including a potential sale of the Company. The Company has engaged Cormark Securities Inc. as financial advisor to assist in its review of strategic alternatives. Davis Graham & Stubbs LLP has been appointed as legal advisor in connection with the review process.
There is no deadline or definitive timetable for the completion of the strategic alternatives review process, and there can be no assurance regarding the results or outcome of this review. The Company does not intend to comment further on this strategic review process until it has been completed or the Company determines that a disclosure is required by law or otherwise deemed appropriate.