Resource Capital Gold Corp GDPEF

Anaconda out of the game!

[damianchosenone]

Read an article today that they are planning to build a processing facility with capital costs of 100 million dollars. The facility would have a cyanide  process which RCG mill does not have.

Looks like our management crapped the bed; they could have sold/merged over a year ago for 25 cents or so when they came knocking!!!

[LeftBook]

$100M processing facility is a big expense. Do you have the link to the article ?   --- I don't know the details of the 25c offer. Did it include liabilities or not ?   25c offer … liabilities included (effectively a buyout)   $30.9M shareholder equity (=25.0c/sh) + $16.7M liabilities = $47.6M total offer   25c offer … liabilities excluded

[damianchosenone]

I am startign to think that RCG gets 10 million for everything and we get nothing. There must be a reason why Gibson and crew got george to resign and then 9 month later he quit; Jack made it sound like another board made him do it. Also Sprott gave away 8 million free shares to charity in December . Jack did tell Leigh that he hopes they get liek 10 million for Dufferin, If that is the case we

[LOCKDOWN]

MR.DAMIAN  ALL THE NOISE AND POSTURING THAT IS GOING ON ABOUT RCG MAE AND THE ANX M/A COMES DOWN TO BUSINESS AND BOTTOM LINE NUMBERS. I DO BELIEVE THE PATH IS CLEAR AHEAD BUT THE POSSIBILITY OF A WILD CARD POPPING  OUT OF NO WHERE AND CHANGE THE OBVIOUS.MY SOURCES SAY FOLLOW THE THE OBVIOUS IT RARELY WILL LEAVE YOU CONFUSED. GREAT DAYS ARE AHEAD .THE HATCH IS ABOUT TO BE CLOSED AND THE

[LeftBook]

I agree. It is all about business and the bottom line. The industry is going through consolidation. ---   Anaconda acquired the Goldboro project from Orex Exploration in 2017 via a share swap, with a total mineral estimate of 870,000 ounces. 457,400 measured and indicated. 372,900 inferred.    Orex makes up 45% of the combined company.   Running the numbers

[damianchosenone]

So if rcg is worth 13 million and anaconda offers that then goodbye to us! 13 million will pay off creditors and we can say goodbye!

[LeftBook]

RCG is requesting offers or investments as part of the NOI. On the offers side I see two scenarios. 1) buyout or merger scenario RCG's net worth or book value is $13M. Without liabilities it is worth $13M + $20M = $33M. The entire balance sheet is $33M. RCG has $20M of tax credits off the balance sheet which brings $33M within kicking distance. ANX does not have $20M cash but it have

[LOCKDOWN]

MR.LEFTBOOK THE DESIGNED VALUE OF RCG FOR THE DEAL IS ? THE INTERESTING QUESTION IS WHAT IS THE REAL VALUE OF RCG KNOWN BY THOSE PEOPLE WHO KNOW THE HIDDEN VALUE?

[LOCKDOWN]

THINK ABOUT THIS THE BIG MONEY COMES IN BUYS RCG THEN GOES AFTER MAE AND ANX NOW IF BARRICK CAME IN AND ADDED THOSE OZ ON THEIR BOOKS.

[damianchosenone]

Barrick actually could make sense because they have a lot of tax writeoffs on their books in Canada and would virtually  be mining and profiting for years with no taxes.l

[lsjblade]

I think that the bid for the co. will be at book price, 13 million. why would someone pay more. witch bank is involved? to whom does RCG owe the money ? royal, cibc, scotia??? all the same anyway. give them 13 million, and they will transfer you the whole shebang !

[LeftBook]

none of the big banks is involved.  PricewaterhouseCoopers is named the trustee in an NOI   see letter to creditors and follow the link https://www.pwc.com/ca/en/car/resource-capital-gold-corp-et-al/assets/resource-capital-gold-corp-et-al-001_020419.pdf snapshot   Request for offers of Purchase or Investment https://www.pwc.com/ca/en/car/resource-capital-gold

[damianchosenone]

Lockdown!  Horne told a friend of mine that Dufferin has the potential to be a million ounce deposit. In fact, Gibson told everyone at the site that it was his and Eric's top 3 projetcs andwhen I spoke to him a few weeks ago, he reiterated that he really liked the property as wel as Tangier. He said he wanted Anaconda to join and to build a 900 t/day mill. ( this was told to me by former

[LeftBook]

      Lockdown, there are off balance sheet numbers. There are no hidden numbers.     pg 29 of the June 2018 Annual Report The significant components of the Company’s deferred tax assets that have not  been included on the consolidated statement of financial position are as for:   The attributes are subject to review, and potential

[damianchosenone]

Leftbook; These numbers will not be as useful in negotiations as supply and demand is. Muchbetter that there are over 10 interested groups in the projects than company numbers. The value of Anaconda is much higher than the current price they are at; RCg is the same- Gibson said himself that it is one of his top 3 properties and thet he still to this day liked it a lot. Sprott invested on it on 3

[LeftBook]

RCG comes down a $32.8M balance sheet with $12.8M of share holder equity. Plus $20M of tax credits off balance sheet. The 10 interested parties are looking at the same thing.  Will it go to the highest bid ? Or to the best partner and the best terms ? And finally at what price  ? Stories are great. They are forward looking. Numbers are an anchored in the past but also back to reality.

[damianchosenone]

There are people and not companies that have a lot of cash to start up a new company with rcg properties that will pay more than Anaconda. There are some that are aware that there will be more gold at dufferin than Orex had before anaconda bought it. Dufferin alone will either sell for or yield in terms of shares for shareholders in new company for over 3 cents a share ( after creditors are paid

[LeftBook]

Damian, re: your 3c/sh yield (roughly $5M) if Dufferin sold for $25M ( = $20 liabilities + 3c/sh ) then the company would be debt free. The shareholder equity would be unchanged at $13M. The balance sheet would be reduced from $33M to $13M. At $33M Dufferin accounted for $25M. $8M was other assets including the other properties. At $13M, the assets would be $5M of cash plus $8M of other assets

[damianchosenone]

So if anaconda merges or buys rcg, what happens to us minnows? Will there be cash left over or will we get shares after all the creditors are paid off?