Resource Capital Gold Corp GDPEF

RE:RE:RE:RE:RE:RE:Gibson Conversation

[LeftBook]

I am not talking about being bought or not being bought out.

I will try and spell it out a bit better.

It is not good for existing Anaconda shareholders if they paid too much for RCG. And it would not be good for the RCG shareholders (that would be soon be Anaconda shareholders) if Anaconda management paid too much for RCG via a stock buy out.

At first glance RCG shareholders might say it would be a good thing to be bought out a premium. Their share of the new bigger and better Anaconda would include the higher price paid for RCG. The problem is if Anaconda management always over pays for a property.  It is like increasing costs or decreasing gold. Either way it decreases the value of the company.

On the other hand if Anaconda is doing a good job systematically underpaying for properties and companies then we would benefit from being part of wise cost effective organization.

I expected the same for RCG if it rolled up other properties. I expect the same if some other company other than Anaconda purchases all or part of RCG.

That said, I prefer to paid a fair price for the RCG. A price that takes into account all the development property and its improvements, the state of the mill,  the market value of the other properties, tax-loss credits, etc