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Republic Services Inc V.RSG


Primary Symbol: RSG

Republic Services, Inc. is a provider of environmental services in the United States. Through its subsidiaries, the Company provides customers with a set of products and services, including recycling, solid waste, special waste, hazardous waste and field services. The Company’s segments include Group 1, Group 2 and Group 3. Group 1 is its recycling and waste business operating primarily in geographic areas located in the western United States. Group 2 is its recycling and waste business operating primarily in geographic areas located in the southeastern and mid-western United States, the eastern seaboard of the United States and Canada. Group 3 is its environmental solutions business operating in geographic areas located across the United States and Canada. It operates through 364 collection operations, 246 transfer stations, 74 recycling centers, 207 active landfills, three treatment, recovery and disposal facilities, and 22 treatment, storage and disposal facilities.


NYSE:RSG - Post by User

Comment by vince_mcmahonon Jun 16, 2010 8:04pm
308 Views
Post# 17196027

RE: YES/NO---- M139

RE: YES/NO---- M139You have some sound reasoning, but the big flaw in your argument is that even if they do a reverse split/share consolidation and are able to raise money, it doesn't look like they will spend it to prove up the Burkino Faso property as you speculate.

The deciding factor for my vote against consolidation was yesterday's news when they stated they are looking into getting more properties. Yes, more properties, not develop the ones we have. Nowhere in the news did it say they were committed to proving up our current properties, Arae-Gassel and Mandiana.

Will they end up leaving Burkino Faso in the dust like our other properties when they find something new to burn our cash on?

While I appreciate them wanting to diversify RSG's portfolio to lower our risk, it should not be at the expense of our other properties. This has been going on for years and it sounds like Arae-Gassel will end up on the back burner just like everything else.

In many ways it was like the NHL lockout a few years ago. The owner's put a salary cap in place to "police" themselves against their own foolish spending habits. And similarly, if these guys have cash, they will continue to waste it on unnecessary new projects when they should be spending it on what they already have that is not yet developed.

The big news from the last md&a is the Bakoudou mine financing is now complete and Managem has ordered a crusher and electrical producing unit. After those arrive, they only need a signature from a Gabon Mining body before the mine can start generating cash for us. The cash influx from there will help support our other projects or at the least sustain Bakoudou until our cash position is stronger.

Don't forget that they also have $500,000 worth of Stellar Diamonds shares and $150,000 worth in GoldenShare Mining shares to sell if they need cash that badly. Between the investment assets and Bakoudou mine, I don't believe things are as dire as you paint it.

NOTE: The TSX also created a new exchange last year specifically for companies like RSG (can't remember the name) that can't raise funds at a minimum of 5 cents. It is a lower exchange than the TSX Venture, but it can allow for lower price funding and allows companies to come back to the TSX-V when they get their act together. This is yet another option for RSG.

I feel the only advantage to consolidation is for management to be able to take a full salary now instead of a reduced salary temporarily for a while until our cash position is stronger once the mine is producing gold. The idea of consolidation reeks of selfishness, impatience, and greed by management.


Let's teach them to work on a budget like most of us have to do in our everyday lives. No more spending money on new projects, while leaving old ones to rot!

Don't be fooled people. RSG has plenty of options besides share consolidation!
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