GREY:GDPEF - Post by User
Comment by
LeftBookon Jul 04, 2019 7:53am
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Post# 29885908
RE:Leftbook your numbers were deceiving
RE:Leftbook your numbers were deceiving
Damian, I am simply repeating the PwC numbers which mirror the RCG numbers.
My cat said we don't know what the bids are.
Buyout, merger/acquistion and asset sale are all possibilities.
If your cat told you that the remaining bids are for an asset sale only then my cat and your cat have different opinions.
It is fairly obvious from the material presented by RCG, pg 20, that cash flows to consultants.
We have to pay salaries and wages for the skill of the miners. Plus operating costs, etc.
It all gets baked into the value of the development property. The gold does not mine itself.
If Dufferin is near production ready then the value is high otherwise it is lower.
If RCG had a hyper-optimistic shareholder base Sprott might have exercised his 12c warrants already and brought in much needed cash. Deep pessimism lends itself to low shareholder prices and a NOI process. It is hard to give credit to management for one group and criticism for the other.
As always ... price and value are not the same thing.