RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Does ML7 still need a listing ? The company seems to have fully priced in the value of the tax credits when it tried to spin off Corcoran.
The company was valuing the shares at 20c per share.
The shareholder equity was $8.1M. The shares outstanding were 123.3M
123.3M * 20c/sh = $24.7M
$24.7M shareholder value
+ 13.1M liabilities
= 37.8M total liabilities
working backwards to find the value assign to the tax credits
$37.8M Total value
- 21.2M total assets
= 16.6M tax credits
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March 21, 2017
RCG ENTERS AGREEMENT TO SELL CORCORAN SILVER PROJECT, RAISING FUNDS FOR EXPANSION OF GOLD PROJECTS IN NOVA SCOTIA
https://www.rcgcorp.ca/news/2017/rcg-enters-agreement-to-sell-corcoran-silver-project-raising-funds-for-expansion-of-gold-projects-in-nova-scotia