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Resource Capital Gold Corp GDPEF

RF Capital Group Inc is a financial services firm. The company's operating segment includes Wealth Management and Corporate. It generates maximum revenue from the Wealth Management segment. The operations segment provides carrying broker services to third parties, including trade execution, clearing, and settlement services.


GREY:GDPEF - Post by User

Bullboard Posts
Comment by 3woodon Sep 22, 2008 12:03pm
221 Views
Post# 15474865

RE: $4 -$6 Now

RE: $4 -$6 NowThis is the same question I've been asking Leigh and the company for months - why isn't someone stepping up to the plate to make at least an introductory offer and if a short term windfall in SP is possible ( we're told longer term it is enevitable ) then why doesn't the market react. In very simple terms if I told you I would give you at least a $5 bill and maybe a $10 bill within a year who in their right mind wouldn't give me a toonie now. In the past I had conversations with Mike where he told me outright GL would NOT entertain an lowball introductory offer because the costs of processing that offer would be too great - from what Leigh has said I think they've changed their mind on that point but for the life of me I didn't understand that logic. We were told a long time ago the majors didn't even want a 43-101done as they really didn't want the potential quantified for the whole world to see but would rather buy a smaller amount of very probable gold and then exploit the resourse in all directions to maximize their return. I don't profess to have the asset knowledge or writing skills of either you or Leigh but this really isn't rocket science. We know where the gold is - we have to documents with the government to extract it - we have a pretty good idea how much is there plus or minus - we have access - we have stable demand - we know value of the end product ( again plus or minus ) - we are in contact with interested parties. Really what is it that is unknown that is acting as a barrier ? I would totally understand if the majors only thought it was worth a buck or two but we're told by Kieran that the fundamentals suggest value much higher maybe $15 - somebody has to be wrong - Kieran or  the teams from 7 different majors ?  Everyone is greedy -if they thought by acting first they MIGHT be able to get for a song they would have submitted a bid - it makes no sense that they would all embrace the same stradegy. Thank you NF2 for submitting such well written logical questions.               
Bullboard Posts