Resource Capital Gold Corp GDPEF

Metals & Mining Gold Industrial Metals & Minerals

RF Capital Group Inc is a financial services firm. The company's operating segment includes Wealth Management and Corporate. It generates maximum revenue from the Wealth Management segment. The operations segment provides carrying broker services to third parties, including trade execution, clearing, and settlement services.

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Resource Capital Gold Corp > *****RCG. $1400 PLUS GOLD****)

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Comment by LeftBookon Jun 29, 2019 6:18am

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Post# 29875757

RE:RE:RE:RE:*RCG. $1400 PLUS GOLD)

gets bought for
20.8 tax credits
+ 20.8 cash to liabilities
= $41.6M

mining assets for free

Assumes buyer has $20.8M of taxes to pay and has $20.8 cash to pay them.
The buyer acquires the tax credits of RCG freeing up the $20.8M of cash for paying the creditors.
The buyer takes position of the mining assets effectively for free.

The buyer could sell the mining assets for $33.1M recorded on the balance sheet.
Perhaps at a discount. Perhaps at a premium.
For now call it a $33.1M profit.

In this scenario Eric Sprott and other investors take a haircut on their investment.
They invested at an average of 14c/sh
They receive $20.8/$175M = 11.9c/sh

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