Resource Capital Gold Corp GDPEF

Where’s all this info coming from?

[Jherek]

Would be nice to have some actual numbers and sources as to who bid what. Right now it’s all assumptions

[damianchosenone]

Dont know numbers but I know that we will survive amd trade again

[LOCKDOWN]

DAMIAN I AM HEARING TO INCLUDE A PLACE FOR THE EXISTING SHARE HOLDERS STRAINS THE ABILITY TO MAKE A DEAL WILL THE ASSETS AND THEY ARE CHALLENGED TO SALVAGE ENOUGH MONEY FROM THE ASSETS TO LOOK AFTER THE DEBT HOLDERS.IT WILL DEFINITELY BE INTERESTING TO SEE THE OUTCOME,BUT THE END RESULT IS VERY PERDICTABLE.WIN ONE LOSE ONE .LOOKS LIKE RCG IS GOING TO BE A LOSE BUT LOTS TO LEARN FROM THE STORY FOR

[LOCKDOWN]

Mr. Stephen Hughes, CEO, commented: "Having worked in Nova Scotia early in my career, I have always known the province is rich in gold. Atlantic Gold are proving that by operating the Touquoy Gold Mine and rated the lowest cost gold producer in the sector (All-in sustaining costs USD 566 per oz.). Atlantic recently announced total in-pit Measured and Indicated Mineral Resources for the Moose

[damianchosenone]

I'll sell mine for 4 cents! Send your interest my way!

[LeftBook]

4c x 175M shares = $7M that might be a reasonable price for a company to pay for an empty shell just to get the tax credits The shares might generate value if RCG merged with a gold producer even if the gold producer shelved the Dufferin and the properties.  The tax credits would be unlocked. As a shareholder in the new company you would benefit from the gold production.

[damianchosenone]

I say 10 million for tax credits 7 million for Tangier and Forest Hill 15 million for Dufferin, Mill , development  and adjoining stakes  32 million total ! I believe it is worth well over 40 million without the credits, but won't get that! With 8 to 10 offers competing, the law of supply and demand will ge touys closer to market value.

[LeftBook]

my low ball estimate of the value  4.3M for cash equivalents, mill, bond  5.0M for Tangier & Forest Hill at $10/oz 16.7M for Dufferin including development up to June 2017 pre-bulk sampling sub-total 26.0M plus 10M for tax credits total value 36M I believe it is worth over 50 million with the credits and Dufferin more fully valued. liabilities 18.3M + 2.2M = 20.5 I

[damianchosenone]

Tangier and Forest Hill can easily attract 7 -10 million. Both those proeprties will have more gold then they have stated. Mill and bond can be between 5- 6 I have Dufferin with development and the 3-5 million available right away with minimal work at 20 million. Tax credits at 12 Sale price tota in a competing market with multiple bidders  cash equivalent: 35 million 15 milion for 175

[kenmar]

  So...... 9 LOI's, 4 made it through to final cut according to PWC site. Pretty good. Need an extension from May 28 to May 31 from the court. We get to see if Damian or Leftbook are close with their guesses. Just a few more weeks.

[LeftBook]

4 is good

[LOCKDOWN]

1 ANX 2 MAE 3 AGB 4 ???

[damianchosenone]

You are so wrong! Anx is out! They made the lowest bid of the 9. Atlantic never made a bid!  Why do you keep stating those 2 companes when they arent even involved. Mae: not sure about them, but they have no cash!

[kenmar]

 It has been brought up before, but man, would love to know your sources! Is it just from Leigh and the PWC site?   How about BTR? Anything being whispered about them? Lots of cash for now. Could probably burn through it pretty quick (with not much to show for it) , based on the losses they achieve with their current setup. Could then gobble up MAE (that ones for you Lockdown!). &

[kenmar]

1 ANX 2 MAE 3 AGB 4 Parker Schnabel

[damianchosenone]

I've spoken to many people and been told Anx bid was low and was outbid by everyone. Atlantic didnt make a bid

[LOCKDOWN]

Damian I dont think your sources are very accurrate .

[damianchosenone]

I'll bet you that Anaconda and Atlantic will not be the top 4?

[kenmar]

 T.OM Osisko Metals? 15 Million cash in their coffers.

[kenmar]

....meant V.OM

[damianchosenone]

Hmmmm: well didnt they buy out Bakersfield? Sport rescued Bakersfield from bankruptcy. Btr has Gibson as CEO. He told me he really liked tangier and dufferin and were top notch properties.

[LeftBook]

AGB seems remote at this stage. They are too focused on surface mining. I see them scooping up the smaller players at a later stage.    RCG seems like an easy bolt-on acquisition/merger for ANX. Properties in their backyard. Mill ready to go. ANX can leverage the tax credits.   MAE could use Dufferin’s cash flow and tax credits to develop a portfolio of properties. The

[LeftBook]

Tangier & Forest Hill have about 500,000oz. At $15/oz it is worth about 7.5 million. I used $10/oz given that they are less defined than Goldboro. Goldboro was valued at $15/oz with a equal mix of indicated and inferred. I assume is $20/oz for indicated and $10/oz for  inferred. I used $10/oz straight across the board for Tangier & Forest Hill. It might be valued a little higher

[LeftBook]

it always comes back to cash to pay liabilities vs tax credits you can't pay liabilities with tax credits you can pay taxes with tax credits, and pay liabilities with the "salvaged" cash -- if RCG is broken up to sell the assets there may be no cash on the balance sheet. but there will be tax credits off the balance sheet if RCG is merged/acquired by another