Resource Capital Gold Corp GDPEF

RE:******NEW PLAYER******

[damianchosenone]

Lockdown, obviously you don't know what is goingn since you are stating that RCG shareholders should be prepared to take 0. 

There were multiple offers and there will be a negotiating window for several this week or next to " up" their offer based on the fact that competition will create a better offer.

I believ there were 8 to 10 offers. Never heard of Carube so I cannot comment if they made a bid. I'm pretty sure that Atlantic Godl made a bid, but I think it is for one of the properties and not the whole company.

I beleive the company that will make the bid for the acquisition will want a ridiculous amount of shares and then will consolidate 5 to 1 or worse , 10 to 1 ( no old shareholders will get their money back if that happens, even if they are at a 4 or 5 cent cost base). 
A new company that acquires the entire company can easily sell a property ( or two) to other companies that just made bids for single assets  and easily make 7 to 10 million for them ( forest hill and tangier have great upside potential)

They can then mine the gold in the stopes and the tailings ( I believe there is 4 to 5 million there) . If the company offers 25 million for all of RCG, after the 2 sales and extra mining, they are down to 10 million owing. The 20 + milliion tax credits pays for that!!

So in the end, the company basically has all of Dufferin and a mill for free and a bunch of shares!!!

I would rather see some company come forward ( or some credit facility moreso) and offer to pay off all the liabilities for a 12% loan that is to be paid in a year or 2 . I have heard many companies do that in the past when they were on brink of bankruptcy. In fact, I think Sprott lending has done that with some companies.