Resource Capital Gold Corp GDPEF

Value

[3wood]

Great post NF2. I was going to post something covering the same issues but after I saw your's I knew couldn't have done a better job so I'm going to focus on 1 concept. The value of any asset is determined by what someone will pay for it - I don't know how negiotiations are going but it is very possible that the GL team is overvaluing their asset. The price of gold isn't ptrojected to make a big move - every jr is trying to entice the majors to buy them - credit is drying up -  no one expects GL to report AUR numbers - and I haven't seen many aquisions with a 1500% premium. Based on this I think as investors we would all be happy with $5  which still might be an unrealistic dream. I don't antisipate a line up of buyers in this market - yes maybe 3 years from now but not now.  I don't think the shareholders want to wait 3 years and if given the opportunity to vote with their shares I suspect most would take the deal and run - I have friends waiting/hoping for $1 to exit because they feel it could easily drop to 40 cents come tax loss season. I personally think it's worth more but anything over $3 would be gravy. Scott leadership is about making tough decisions - a weaker deal now is better than financing/dilution and a uncertain future deal. Have a good day