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.

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Resource Capital Gold Corp > 15 million sale of assets coming

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Comment by LeftBookon Jul 02, 2019 6:55am

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RE:RE:RE:RE:RE:RE:RE:RE:15 million sale of assets coming

It is entirely possible that the George's group did more due diligence and realized that it was too much time and money. It is also possible the group did not agree with the plan the RCG was executing when George was CEO (see note 1). Or perhaps they did not want to invest in RCG unless they had control but the George and RCG had already granted security over substantially all of its assets in favour of Sprott Lending. More control would have required more cash.

Leigh has good insights into the process and has spoken to Jack more than anyone. His posts are excellent. A $20 million asset sale is certainly a possibility.

RCG describes Jack's expertise as merger and acquisitions. I assume Jack won't let the cat out of the bag until he delivers a deal.

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