GREY:GDPEF - Post by User
Comment by
LeftBookon May 21, 2019 6:04pm
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Post# 29761211
RE:RE:RE:RE:RE:******RCG 30 CENTS +******
RE:RE:RE:RE:RE:******RCG 30 CENTS +******
Atlantic was sold in all cash deal for roughly the NPV of the consolidated Moose River project (Touquoy, Beaver Dam, Fifteen Mile and Cochrane Hill). An all cash deal at NPV made sense for Atlantic. Atlantic shareholders were being taken out of the game. The question is whether RCG can be sold for Dufferin's NPV of $89.2M ? Or a somewhat lower bid such as 30c/sh mentioned by LOCKDOWN Maybe ... Dufferin is near term production ready. RCG's liabilities are offset by tax credits and the value of Tangier and Forest Hill exploration properties. Notes: 73M assets - 20.5M liabilities incl SISP = 52.5M shareholder or 30c/sh