Resource Capital Gold Corp GDPEF

AGB 2.90$/share - Buyout

[LeftBook]

AGB 2.90$/share cash buyout

 

https://ca.finance.yahoo.com/news/st-barbara-acquire-atlantic-friendly-230400464.html

[damianchosenone]

Told all of you that Agb wasn't interested nor wanted to make a bid for Agb. Where is Lockdown! Both Anx and Agb are not the final 4.

[LOCKDOWN]

You are correct again Damian ,great job.What does the sale of ABG tell us about the RCG assets?Do you think it could influence the RCG SALE in any meaningful way?

[damianchosenone]

No influence. Santa Barbara is not after Rcg. They produce 9 million ounces a year. They do not need an extra 25k. Rcg will be bought by someone that knows they can get 65 percent of the shares with a 20 million investment and consolidate the company. Then, release news that they mined 4 million dollars of gold and pump the stock and slowly sell to make themselves a profit.

[LeftBook]

what numbers are you referring to ? Atlantic CY18 production 91koz CY19 production guidance 92k-98koz Reserves 1.9 Moz  Resources 2.4 Moz St. Barbara CY18 production 484koz Reserves 3.9 Moz Resouces 9.2 Moz https://stbarbara.com.au/wp-content/uploads/2019/05/2019.05.15-presentation-on-acquistion-of-atlantic-gold-corporation-and-equity-raising.pdf

[damianchosenone]

Leftbook, Sorry! I meant that they have 9 million ounces and produce a lot annually. Thinking about it again, maybe they do go after RCG. Imagine they offer 15 million shares? That is a lot for the creditors and shareholders to split, but only like 2 percent additional to their already humongous amount of outstanding shares.  If RCG can produce 40k oz per year, then that would be almost a

[LeftBook]

Some Atlantic shareholders have expressed disappointment at the cash buyout.  40% is a good premium, but it will not be an easy stock to replace. The ticker will be delisted.     $690M of cash looking for a new home.   Sprott companies have been cashed out too.  

[LeftBook]

Atlantic acquired at ... 1.9Moz reserves +2.4Moz  resources = 4.3Moz 4.3Moz/$690M=$160/oz 10x $15/oz value of Goldboro defining the resource paid off === Atlantic bought near consensus target price of $2.84/sh slide 26 https://www.atlanticgoldcorporation.com/_resources/presentation/corporate_presentation.pdf