Hello Monsieur Tourrillon and thanks for doing the Q&A.
Your press release, today, that referenced Pyro's strategic investment in HPQ brought to mind HPQ's own investments in Beauce Gold Fields and Quebec Silica Resources Corporation.
I like your strategy of spinning off legacy businesses to focus on your main business while retaining an equity stake in the legacy businesses, as you have with Beauce Gold and Quebec Silica. But, it does create new homework for investors doing their due diligence, as your balance sheet is now partially levered to these other entities.
Since we have not discussed these investments on agoracom, can you please provide some color on how HPQ views its positions in Beauce Gold Fields and Quebec Silica Resources Corporation? Are these strategic investments? Or more opportunisitc? How is the Board feeling about this model of spinning off business lines? Might we see more of this kind of activity in the future?
Merci,
MoneyPoet (Le PoèteDuFric)