GREY:GDPEF - Post by User
Comment by
LeftBookon Jul 05, 2019 3:25pm
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Post# 29890687
RE:RE:RE:RE:Estimate of PwC June 30, 2019 balance sheet
RE:RE:RE:RE:Estimate of PwC June 30, 2019 balance sheet bufordpusser wrote ... I owned this stock at one and got out at about 21 cents a few years ago, I remember the hype. Market Cap = number of shares x what investors paid for them via hype, irrelvant. Most tsx listed mining companies have no value, when the debt exceeds gold ounces that can be extracted it is worthless, only of value to directors and management that receive a salary. Resource capital is one of the worst, read the balance sheet, a bank wouldn't loan this company a nickle.
good trade. good post.
RCG has $20.5M of liabilities and $20.8M of tax credits
The tax credits are an off balance sheet item
In theory RCG is debt free once Dufferin is operational.
There is lots to heavy lifting to go before it is bootstrapped.
NPV,5% post-tax $89.2M