TSX:RCG.PR.B - Post by User
Post by
astuteinon Dec 08, 2020 6:32pm
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Post# 32063684
$ .160 to 1.65 good entry point
$ .160 to 1.65 good entry point sam others. i received the $ 2.42 for a god portion of shares.
I have used one-half of funds to purchase more shares at $ 1.62.Expert appraisers put entity value of $2,42 at low end according to valuators. For sheer accounting purposes the reduction in shares by 40 million (Debit) an reduction in cash 40 million ( credit) do not materially change value of share entity of $ 2.42.
Rfc entity which has working cash plus 100% of GMP richardson after 40 million reduction show show value at c;lose to $ 2.42.
The shares value will rise in next few months towards the $ 2.42 and represent goog investment I think. Risk I feel is very low at present.