Resource Capital Gold Corp GDPEF

******NEW PLAYER******

[LOCKDOWN]

LOOKS LIKE A NEW PLAYER IN THE RCG BACK YARD.VERY INTERESTING .DAMIAN WHAT ARE YOU THINKING????

[damianchosenone]

Lockdown, obviously you don't know what is goingn since you are stating that RCG shareholders should be prepared to take 0.  There were multiple offers and there will be a negotiating window for several this week or next to " up" their offer based on the fact that competition will create a better offer. I believ there were 8 to 10 offers. Never heard of Carube so I cannot

[LOCKDOWN]

I was hearing that current RCG share holders are really not given any amount of consideration in the negotiations.To compensate existing shareholders really burden the buyers to come to terms for a working deal.What are you hearing Damian ???

[damianchosenone]

Lockdown, if that is what you are hearing, I guess you are right! I though that with Gary Lewis and Eric Sportt having 50 million shares, that we as shareholders had some power without being part of negotiations. Guess I was wrong!!!

[LeftBook]

If the company sold all the assets to cover the liabilities the shareholders of an empty shell would still have tax credits. Let's say the $20 tax credits had a marketable value of $10M then each share has a potential value of 5.7c. 50M shares belonging to Lewis and Sprott would be worth $2.85M at 5.7c. 

[LeftBook]

The ANX / OREX merger valued goldboro at $15/oz. I imagine that Forest Hill and Tangier would be valued at lower priced per oz, say $8/oz for less well developed resource and without a PEA.   Goldboro was 457,400 Measured and Indicated ounces of gold and 372,900 Inferred ounces.   Forest Hill has about 326,700 ounces including 73,500oz of measured.  Tangier has 173,200

[LOCKDOWN]

POOR MR.SPROTT HE BOUGHT RCG IN GOOD FAITH AND LOOKS LIKE HE GOING TO LOSE ALL HIS SHARES BUT MAY GET HIS SECURED INVESTMENT BACK IF THE SALE GOES WELL.

[LOCKDOWN]

DAMIAN WE COULD TAKE A CHANCE ON CUC IT MIGHT BE SUCCESSFUL IN THE ROCKY SHORES OF NOVA SCOTIA MINING GOLD SHARES ARE CHEAP 4.5 CENTS WHAT ARE YOUR THOUGHTS ABOUT CARUBE ????

[LOCKDOWN]

RCG LOOKED PROMISING FOR A SHORT TIME DOES ANYONE THINK CUC CARUBE MIGHT BE WORTH LOOKING AT ,DOES ANYONE KNOW THE MANAGEMENT ??

[damianchosenone]

Sprott and Sprott Lending are two different entities. He doesn't get his secured investment as that is not him.  I can tell you that Anaconda actually did make  a bid and it was much worse than some of the others.  We will see a deal made for North of 20 million . The entire company with tac credits is worth more than double that!

[LeftBook]

20M cash or 20M of equivalent stock ? With the former the shareholder is cashed out - tax credits included. With the later there will be diluted tax credits per share - value is exercised later.

[damianchosenone]

I have no idea if cash or stock will be given! I just know that there was a lot more interest then what was initially anticipated and that Anaconda was trying to lowball and will have to give up more if they want to win the bid!

[LeftBook]

ANX's bid would likely be a share bid and might seem low compared to a cash buyout. ANX in my opinion has some off some off balance sheet value that is comparable to the tax credits. A similar cash bid would have come up with cash for the tax credits owned by shareholders.

[damianchosenone]

There were several bids and i have heard that Anx had the worse one ; whether it was cash and/or shares, you can add up the value of shares and cash to see what someone offered. Right now they had the worse overall bid from all of them

[LOCKDOWN]

It appears that Carube might be interested in Forest Hill its a stones throw from the Steward Brook gold district .Damian have you heard anything concerning this offer ???

[damianchosenone]

Never heard of Carube. Have been told that Atlantic Gold did not make an offer. I cant even think of I companies that exist in Nova Scotia but I heard that 9 made bids.

[LeftBook]

a cash offer is straight forward are the value of the RCG shares include the value of tax credits ? One might say it is baked into the value of the shares on the other side. Does one refer to the market price of the shares of the other company ? By many measures an ANX bid might look low at first glance but might be the best offer.

[damianchosenone]

The Anx bid is the worst from 9 . I am sure they factored in shares and price and value.

[LeftBook]

is that ranking an RCG ranking ?  or the person providing the info ? or can't say ?

[damianchosenone]

I'm not sure what is true for sure. Just heard originally that anx was going to lowball. Then last week I heard they didnt even bid, but earlier yesterday was told they did make a last second bid, but was worse of the 9 and negotiating is under way with the other bidding companies on the new amounts they are willing to bid since 4 to 5 bids were very good ( whatever that means)

[LOCKDOWN]

Its unfortunate that RCG shareholders are not given much consideration in the offers but that should come as no surprise,that is the risk we take when investing in the Canadian BRE-X type world !!! LOL ITS BEEN AN INTERESTING RIDE .ANYONE WANT TO BUY 3 MILLION RCG SHARES CHEAP LOL!!!

[LeftBook]

it's just finance. debt settled before equity

[LeftBook]

equity owns the tax credits

[LOCKDOWN]

ANX - 35 CENTS MAE - 10 CENTS RCG - ??????? WE ARE DIALED IN FOR THE MERGER

[damianchosenone]

Lockdown you are so off! Anx had the worst of 9 offers they need to triple their offer to stay in the game!

[LOCKDOWN]

I am hearing ANX is the one to catch right now!!!!

[damianchosenone]

You are so wrong! I'll make you a bet that they are way behind. Some groups have offered way over 20million. Anx I believe offered 10

[LeftBook]

RCG  book = (13M - 2.2M SISP)/175M = 6.2c tax credits = 20M/175M = 11.4c less haircut, if any