GREY:GDPEF - Post by User
Comment by
LeftBookon May 02, 2019 11:07am
23 Views
Post# 29700726
RE:RE:RE:*****MEGA MERGER****
RE:RE:RE:*****MEGA MERGER**** XYZ is purely fictitious company with $20M of cash, no properties and no management. It is like RCG without the properties and without the liabilities. It is assumed that M/A of RCG/XYZ would have access to the Sprott credit facility.
A RCG/XYZ merger would be like the financing that RCG suggested in each annual report.
"RCG management is of the opinion that additional financing will be available to continue its planned activities in the normal course of operations."
I don't see this as a hole that RCG got itself into but rather part of the lumpy path of a junior miner that they have always been on.
RCG has its hands full with Dufferin. It needs management, miners and perhaps even more cash than $20M to get operations going.