GREY:GDPEF - Post by User
Comment by
damianchosenoneon Jun 27, 2019 11:51am
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Post# 29869998
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:****RCG SOLD FOR A BARGAIN**** $1438 gold ******
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:****RCG SOLD FOR A BARGAIN**** $1438 gold ******Do not forget that there will be 3 or 4 million dollars available right away for RCg from its tailings and stopes. I have bee told this by a former site superintendant and he said he knows 100 percent that there was gold there and Gibson didn't allow him to extract it.
Management also knows this. I am surprised that between a financing they were offered and getting gold from tailings and stopes that they decided to reject and not move forward but instead bleed dry into insolvency.
In my opinion this was aplanned insolvency and they already have plans for who will acquire it. PWC is not making the process competitive and as a result the bidders will offer minimal bids.