Resource Capital Gold Corp GDPEF

Today's buy

[lmcbain]

I have been contacted by an individual indicating that he knows todays buyer and that they had a discussion regarding the potential upside on a purchase at this level.

The financing efforts have begun, and the distribution of the offering document has been made. Nick has indicated that there has been a positive response and that he has been very active with IBK in conference calls etc. Having said that, there is no way to truly know where they have gotten to with actual commitment $$. Nick had previously indicated that there were investors "ready" to participate in some of the previous raise efforts, so hopefully he has been able to roll at least some of them into the current vehicle - he has indicated that there has been interest from these parties to do so.

I have also been able to reach Gary (he had been away on vacation and was also travelling to Kyrgyzstan on Robust business, but was able to drop me a note. He indicated that he felt progress was being made with the raise (albeit he didn't say much) and he indicated that while he recignized hat he was sounding like a "broken record" that there was real progress being made on some other fronts re: property etc. - he provided no detail, so I don't know what that actually means, so take it for what it's worth at this point.

Friday has rolled around once more, with no tangible progress or official updates, but some promises of things to come "soon". The promises NEED tangible evidence to carry any weight though. We also really need to see some NRs, with some additional information, and also just simply as support for the raise.

Salut,
Leigh McBain