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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 > *****RCG. $1400 PLUS GOLD****)
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Comment by LeftBookon Jun 29, 2019 4:15pm
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Post# 29876304

RE:RE:RE:RE:RE:RE:*****RCG. $1400 PLUS GOLD****)

RE:RE:RE:RE:RE:RE:*****RCG. $1400 PLUS GOLD****)
Thanks for the question. My post was not clear.
 
My scenario was a cash buy out that valued the company at $41.6.
$20.8 went to the creditors.
$20.8 went to Sprott and the other investors received.
 
 
Regarding the $41.6M valuation.
20.8M is for mining assets (vs $31.3M on the balance sheet)
20.8M is for tax credits (vs $10M estimate market value)
 
 
Clarification.
The mining assets are not for free.
The buyer is paying for them with tax savings.
 
The buyer with taxes owning and $20.8M cash gives the sense that things are done easily.
They are not for free.
 
 
I'll try again.
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