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Bullboard - Stock Discussion Forum Resource Capital Gold Corp GDPEF

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.

GREY:GDPEF - Post Discussion

Resource Capital Gold Corp > making money soon?
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Post by Jherek on Jun 08, 2018 3:58pm

making money soon?

I was looking at the interim financial statements and i saw that they made 6 million from gold sales so far in the 9 months before march 2018. The company doesn't seem to be cash flow positive right now because they're buying equipment, but it does make me wonder if they will be producing a lot more revenue from gold very soon. 

I guess there is still a big risk of cash flow right now so hopefully the company can stay afloat until they can get their numbers higher. 

Thoughts?
Comment by damianchosenone on Jun 08, 2018 4:58pm
Very Possible! They posted job advertisements back in April and May for gravity mill operators; wouldn't be doing that unless you need them. Also, do not forget that January was a right off because holidays were 2 weeks and there were 2 storms. February had 2 storms as well. They really want all those Australian shares sold; its really obvious right now. You get them out and a few other weak ...more  
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