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Resource Capital Gold Corp GDPEF

Metals & Mining Gold Industrial Metals & Minerals
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.


GREY:GDPEF - Post by User

Resource Capital Gold Corp > Anaconda out of the game!
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Comment by LeftBookon Mar 13, 2019 10:09pm
28 Views
Post# 29482974

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Anaconda out of the game!

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Anaconda out of the game!
Damian,

re: your 3c/sh yield (roughly $5M)

if Dufferin sold for $25M ( = $20 liabilities + 3c/sh ) then the company would be debt free.
The shareholder equity would be unchanged at $13M.

The balance sheet would be reduced from $33M to $13M.

At $33M Dufferin accounted for $25M. $8M was other assets including the other properties.
At $13M, the assets would be $5M of cash plus $8M of other assets including the other properties.

The company would be debt free.
The $5M of cash would offer some breathing room.
But it would be more or less in the same position as it is now.
It would need more cash to properly develop Tangier or Forest Hill.
Tax credits would be the same.


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