Cornerstone Capital Resources Inc CTNXF

Correcting SolGold

[BSdetector2016]

Greg Chamandy, Chairman of Cornerstone's Board of Directors and a holder of over 10% of the outstanding Cornerstone common shares, said:

"Following the embarrassing hostile attempt by SolGold, that was 100% certain to fail even before it was formally launched, it is not a surprise that the SolGold Board continues to repeat false and misleading statements in an attempt to hide their incompetence. SolGold's suspect corporate governance, self-dealing practises and waste of significant resources simply confirm that the SolGold Board is incapable of managing the affairs of SolGold for the benefit of all shareholders in a prudent and transparent manner. Cornerstone will provide an update on our intention to requisition a general meeting of shareholders of SolGold in due course."

https://www.cornerstoneresources.com/i/pdf/NR20-29.pdf

[NiN777]

I don't have an issue with consolidation, the issue is that they're trying to pull-it off right before BHP standstill agreement expiry.  That smells fishy.  I can't see why BHP would not try to snap SolGold at the "bottom" of the copper market.  Copper seems ripe to break on the upside within the next two years.   https://www.macrotrends.net/1476