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Bullboard - Stock Discussion Forum Resource Capital Gold Corp GDPEF

RF Capital Group Inc is a financial services firm. The company's operating segment includes Wealth Management and Corporate. It generates maximum revenue from the Wealth Management segment. The operations segment provides carrying broker services to third parties, including trade execution, clearing, and settlement services.

Bullboard (GREY:GDPEF)

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Comment by LeftBookon Apr 18, 2019 4:27pm

RE:RE:RE:RE:hypothetical RCG+ANX merger

therager, do you have a reference to the 80mm estimate ? or a description why 80mm ?
Comment by LeftBookon Apr 17, 2019 10:48pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:hypothetical RCG+ANX merger

A hypothetical RCG+ANX merger.    Summary The math assumes that the merged company raises $13.8M of cash with a third party (3PT) to pay-off and restructure debts. Under the hood, RCG ...more  
Comment by LeftBookon Apr 17, 2019 10:47pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:hypothetical RCG+ANX merger

previous hypothetical mergers tried to put into math the ideas that reflected concerns of other posters. I am leaning to simpler is better. The next version will be all debt and no equity for the ...more  
Comment by LeftBookon Apr 17, 2019 10:37pm

RE:RE:share dilution in the trustee report

jack would probably say thanks for reading the reports He is likely the one who added the following text to the 2018 annual report (it wasn't in the 2017 report) ... "the significant ...more  
Comment by damianchosenoneon Apr 17, 2019 9:22pm

RE:share dilution in the trustee report

Leftbook, You have so much information and seem to be able to see what would be worth getting for rcg. Why dont you phone jack cartmel and talk to him or speak with the pwc group and tell then what ...more  
Comment by LeftBookon Apr 17, 2019 7:16pm

RE:RE:RE:RE:RE:RE:RE:RE:hypothetical RCG+ANX merger

updated my notes. ANX has experieced mangement and mining staff in place. It is a very important item that is not on the balance sheet. Notes: 2)  Other considerations... ANX has active ...more  
Post by LeftBookon Apr 17, 2019 7:12pm

share dilution in the trustee report

PwC summarized unprofitable operations in the Trustee report.    2.18 During the pre-production activities, the Company experienced significant cost overruns and faced challenges with ...more  
Comment by LeftBookon Apr 17, 2019 6:19pm

RE:RE:RE:RE:RE:RE:RE:hypothetical RCG+ANX merger

Anaconda Mining sold 5,251 ounces of gold in Q1 2019.    Dufferin should be comparable.   Dufferin PEA 216,050 ounces Mine life 10 years   21,600 ounces mined per ...more  
Comment by LeftBookon Apr 17, 2019 5:56pm

RE:RE:RE:RE:RE:RE:hypothetical RCG+ANX merger

ANX was trading close to book value on April 17, 2019 Market price 34.5c CAD ANX Dec 2018  balance sheet $57.9 liabilities $14.8 shareholder equity $43.1M book value = 43.1/120M ...more  
Comment by LeftBookon Apr 17, 2019 4:54pm

RE:RE:RE:RE:RE:hypothetical RCG+ANX merger

further debt deduction... RCG has $3.9M of 12c warrants expiring in 2020. Equivalent to 6.4M ANX shares at 60c under a 5:1 share conversion.
Comment by damianchosenoneon Apr 17, 2019 4:37pm

RE:RE:RE:RE:hypothetical RCG+ANX merger

Rager, I am 99% certain that Anaconda will be making an offer; whether it is the best offer is another question. Remember Sprott owns 20% of the shares; iy would greatly benefit for him to find a ...more  
Comment by LeftBookon Apr 17, 2019 4:24pm

RE:RE:RE:RE:hypothetical RCG+ANX merger

therager, The new lien would be against the RCG properties not against the ANX properties. (The new credit facility would be used to pay off the older credit facilty) The difference between RCG' ...more  
Comment by therageron Apr 17, 2019 3:49pm

RE:RE:RE:hypothetical RCG+ANX merger

Hate to break it to you fellas/ladies, ANX is not going to take on another large credit facility to do this deal.  Would be absolutely reckless to do so.  They took on a first lien $5MM term ...more  
Comment by LeftBookon Apr 17, 2019 2:09pm

RE:RE:hypothetical RCG+ANX merger

1) “and assets would be sold to pay off creditor debt”   There are numerous "Restructuring" possibilities.   from the trustee report ..  through one or more ...more  
Comment by damianchosenoneon Apr 16, 2019 8:58pm

RE:hypothetical RCG+ANX merger

Spoke to PwC today. They said it was a liquidity crunch sell off and assets would be sold to pay off creditor debt and that sprott wants cash deals and not interested in shares. If course they would ...more  
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