Resource Capital Gold Corp GDPEF

Lockdown's broker and tax credits

[LeftBook]

Lockdown,

what does you and your broker think about the value of RCG's tax credits and shell ?

[LOCKDOWN]

HEY LEFTBOOK I AM TOLD BY MY PEOPLE THAT COMMON SHAREHOLDERS IN RCG RIGHT NOW IS TO  EXPECT A TOTAL LOSS, BASICALLY NO REAL HOPE FOR ANY RECOVERY OF VALUE FOR THE COMMON SHAREHOLER (THIS SHOULD HAVE BEEN THE EXPECTION REGARDLESS OF WHEN YOU BOUGHT INTO RCG) ITS THE NATURE OF GARBAGE MINING COMPANIES LOLL EVERYONE KNOWS THAT.BUT IF ONE MUST PLAY IN THE MINING CESSPOOL OF MINING STOCKS EXPECT

[LeftBook]

Lockdown, I can't say your people are wrong. Sprott took away whatever meat there was. I am going to watch RCG fade into the sunset. Perhaps someone will buy the shell to drill holes like GNC. Or try and untangle the tax credits. As for GNC I am watching. Not selling KL, WDO or ANX yet

[LOCKDOWN]

Leftbook I agree with what your saying on KL WDO ANX for sure are  no brainers really boring stocks though.I will let you in on  "GNC" they are moving dirt and drilling holes totally off the radar lots more I could say.They are getting ready to raise the share price (wink wink :) don't tell DAMIAN he still has raw meat from the the dirty burning from RCG loll...I don't

[damianchosenone]

Been told that the 25 million tax credits are only worth 17 percent to a company as that is corporate tax rate. Is that true? I thought if a company made 140 million profit and their tax rate was 17 percent that they would owe 23.8 million in taxes and then be able to use those 25 million. Big difference. Which is the case? If its 25 full million, companies should be all over this.

[LeftBook]

My interpretation was the following ... I thought if a company made 140 million profit and their tax rate was 17 percent that they would owe 23.8 million in taxes and then be able to use those 25 million. If it is not the case then the Reliance shares were truly valueless after the Indonesian Property write-off and Gary Lewis' gypsy were misleading.

[LeftBook]

download the following document from PwC Canadian mining taxation 2016 https://www.pwc.com/ca/en/industries/mining/publications/canadian-mining-taxation.html

[damianchosenone]

In canada can we claim the bankrupt company shares as a tax loss on our personal income amount? I thought it can only be uses towards capital gains and not personal income? If I can use against personal income, I would be happy at 30+ cents a dollar. You sure lockdown?

[LOCKDOWN]

Yes that the way it works you leave the loss in your account until you need a capital gains offset for me thats worth approx. 30% with the recents approx.3X FROM GNC a complete loss on RCG does not hurt to badly.Damian just a friendly suggestion you may want to shift to "GNC" another cesspool  of a company but but there may be a opportunity in the very near future to go in and out

[LeftBook]

My understanding is tax loss is against capital gains not personal income. Flow-through shares, on the other hand, seem to be against personal income. It is only beneficial to Canadian tax payers. Aussies and others might be interested in a company carrying the tax credits for them. caveat. A ten year old with a minor interest in tax law probably knows more than me. https://www.nrcan.gc

[LeftBook]

George Young would know how much the shell and tax credits are worth. He was in a similar position with Reliance after the write-off of Indonesian properties.

[LOCKDOWN]

Leftbook why do the people I talk to say RCG common shareholders are worth zero and others seem to think there is something left (really conflicting information) Really these companies are to be treated as junk investments but you can make some easy money example (GNC TRADED AROUND 5 CENTS WENT TO 16 CENTS IN A FEW WEEKS MAKING A GREAT RETURN IN SEVERAL WEEKS.NOW RCG SEEMS TO BE SETTING UP FOR A

[LeftBook]

Lockdown, GNC looks like a good buy at 7c. There are wannabe bag holder at 9c. LOL The GNC shell, like the RGC shell, by itself is probably worth next to nothing given the low cost of establishing and running a listing. That said the company needs to have sufficient financial assets and working capital to qualify as a listed company. GNC's has $2.8M of listed assets. RCG is underwater if

[LOCKDOWN]

Leftbook can you reseach GNC indepth I see 9 cents the new entry point and 18 cents the next exit if you have time??? I would ask Damian (he seems like a nice guy) but he appears to non factual and emotional .I see GNC might be off loading shares at 9 cents or share swapping between brokers to price control .(sleazy,sketchy,unsavory trading conduct) kind of the same style of trading when RCG was

[LeftBook]

GNC has lumpy private placements and is thinly traded  I doubt I will be to help in reading the tea leaves for entries and exits. I doubt RCG had much of role in price control.   It also seems to be above board. Even the gypsy swaps were announced before hand. https://www.rcgcorp.ca/news/2016/rcg-announces-proposed-private-placement

[LeftBook]

RCG needs to acquire a property. So, repeat of Reliance's acquistion of Corcoran.  Acquire property via promissory notes. Bring in investors later. ---- tax credits are lost when acquired. In a nutshell, Kirkland Lake can't acquire RCG for the tax credits. ---- Notes: Loss carryovers In computing taxable income, non-capital losses can be carried

[LOCKDOWN]

Hey Leftbook thanks for the feedback on GNC  I really think there is some action to be had in trading RCG in the next 12 months.But how can you say RCG  common share holder will survive I know some very smart people and they say no????

[LeftBook]

I think it is possible that RCG survives. I don't think it is likely. likely outcome 2019 1. the company declares bankruptcy 2. gets delisted from the exchange 3. shares are worth nothing possible but unlikely to repeat scenario from early 2016  1. company wrote off assets 2. seemed to be backrupt 3. someone invested in the company paying off debts  4. the company was a shell and