Post by
damianchosenone on Jul 05, 2019 12:29pm
Shell coming!
That is the best we can hope for. Doesnt matter if it's worth 32 million and 20 million credits and gold is 1400. Rcg has 0 leverage and all bidders are trying to spend the least possible and not try to make current t shareholders cash. PwC isnt having them compete. They are just there looking at bids. We will get 15 million!
Comment by
LeftBook on Jul 05, 2019 1:22pm
What it is worth is the only thing that matters. Guessing the outcome is inconsequential at best. Absurd if the info you draw on is wrong. If someone thinks it is worth $15M and it goes for $25M than it sold for a premium by their method of valuing RCG. If they think it worth $40M and it goes for $25M than it sold for a discount.
Comment by
damianchosenone on Jul 05, 2019 1:39pm
George has been wrong on almost everything! He told me it was going to a dollar once. Told me they had a huge billionaire from california investing. Told me his group was valuing the projects at 50 million usd. Obviously not true as they are out!
Comment by
LeftBook on Jul 05, 2019 2:10pm
1) $121M NPV pretax / 121M shares = $1/sh was very optimistic for Dufferin and wasn't going to happen over night probably doable when considering the three properties and double the investment/shares. 2) balance sheet today $31M assets - 20.5 liabilities + 20.5 tax credits = $31M CAD value = $24M USD $50M USD is some future value
Comment by
damianchosenone on Jul 05, 2019 1:40pm
No guessing that much as I heard jack say whoever thinks they will get 30 million for rcg is smoking a lot of @@@@.