GREY:HRIVF - Post by User
Post by
goldpigon Nov 28, 2008 11:57am
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Post# 15616545
Mondays News.. Spin-outs ?
Mondays News.. Spin-outs ?We shall get another strategic update on Monday on Prognoz, and perhaps other moves to enhance value.
Spin-outs of significant assets like Prognoz and Bissa would not be all that unexpected.
Prognoz Silver Project announced earlier in 2008 that they would spin-out Prognoz.
Subsequently,, the Company determined to not proceed , but stated that they would re-evaluate its alternatives regarding Prognoz, including a spin-out, with the view of determining an approach that would receive wide support from its shareholders.
Acquiring 100 % of Prognoz will be essential to both a buy-out or a sale.
If this proceeds, next week will be transformational for HRG.