Resource Capital Gold Corp GDPEF

four asked to re bid

[edm1996]

So what are the posibilities that 3 bids are for different properties to maximize cash deals.   That would leave Rcg  an empty shell with tax credits?  One possible  offer that was for whole company to to see which offer could be beter??

[LOCKDOWN]

I am hearing there is nothing in the deal for the share holders ,total wipe out,I only good thing we can get out of the deal from our RCG shares is a tax lose sell. I feel for you Damian you fought a good fight and keep the faith to the end.Thanks for all your great insights and great hope you gave us all ,may your dear soul rest in peace my brother .

[LeftBook]

Anything is possible. It seems like we are speculating on the contents of a black box. Three properties. Tax credits. Combindations of whole or in parts is more than 4 bids. But there are only 4 bids. That said, an empty shell with tax credits might be slightly better than RCG's Reliance days after the Indonesian write offs. Depends on the tax credits remaining. Dufferin would

[damianchosenone]

I have spoken to a fella that used to work for RCG  several times over the past few months. I have tried to get him to divulge what company it is that he helped out with making a letter on intent and he has been 100 percent faithful to his company and not said a word who it was or what their bid was or for how much money I am aware that ths person is a current shareholder of RCG and is in

[kenmar]

 That man would have signed a non disclosure agreement. He would be legally screwed if he opened his mouth any more than he did. If his group was a publicly traded company, a leak would impact it's trading. I'm sure he is "loyal", but also legally bound.  Thanks for the detailed explanation Damian. Sounds very plausible and legit. You can never be sure what is true on

[damianchosenone]

I am not sure if the company is trading publically or not trading at all. Not sure how big it is or if it is one person. None of this was told to me or mentioned!

[LOCKDOWN]

Damian thanks again for all your amazing efforts to keep us informed on whats going on behind the dealings even though not as accurate as the information coming from Fat Tony,s Bar and Grill .

[damianchosenone]

And exactly what information is coming from Tony's? You said Atlantic was still involved; also mentioned AGB is also! Would you be surprised if the shareholders lost everything? I mean they are in bankruptcy protection for a reason! Even if it survives, we will get a 10 to 1 or more consolidation as old shareholders. Don't forget that if it trades again, Sprott and Lewis and other

[LOCKDOWN]

Damian no disrespect your last post was written as if you where on a bad bender drinking hard liqour.Its simple from my sources of information its a total wipe out for common share holders.With that news please don't go drinking another forty of NFLD SCREECH. Your texting is getting slurred.

[damianchosenone]

Is your source a geologist from Nova Scotia ? Is your source anyone from the 4 companies that still have another round of negotiating? Is iit Greg Gibson? Or is it the cook at Fat Tony's who cooks an average pizza and an undercooked burger?

[damianchosenone]

Lockdown fo rme and for many a 10 to 1 share consolidation is a total wipeout!

[LeftBook]

Damian, A 10 to 1 consolidation by itself does not change anything. It does not change the value of the business. It does not change the $13M of shareholder equity. 175M shares cuts the pie in 175M pieces. 7.42c/slice 17.5M shares increases the value of the slice to 74.2c/sh $89.2M/175M = 51c/sh $89.2M/17.5M = $5.10/sh perhaps you mean something else other than share consolidation

[damianchosenone]

Well let's say a company has 100 million shares and you as a shareholder have a price at 5 cents average. Its currently sitting at a penny. You are down 80%. If a company comes in and does a financing at 10 cents and gets 200 million. We have 300 million shares. then they consolidate at 10 to 1 . There are 30 million shares and they own 67percent. Your shares are worth 10 times more but I have

[LeftBook]

I still don't see an issue with consolidation.     1) if you have 100 million shares and a company gets 200 million  then there are 300 million shares. You have 1/3. They have 2/3   if there is 10 to 1 consolidation then you have 10 million shares, they have 20 million shares. You still have 1/3. They still have 2/3. You both have 1/10th the shares. You both

[LOCKDOWN]

Example of consolidation of shares 6 cents to 5:1 = 30 cent shares 30 cent shares go to 1 cent on the open market trading. Company halts trading shares locked in no mans land at a 1 cent value. Company sells and consolidates 1 cent shares 10:1 again . New share goes down again on the open market trading. Consolidations make awesome tax loss sells .LOLLLLL.......

[LeftBook]

Neither the 5:1 nor the 10:1 consolidation result in losses. It is Mr. Market biting hard on the change in price. example Let's say the $13M shareholder equity less $2.2M SISP and other costs is $10.5M.  10.5M/175M = 6c Let's play with history and say there was a 5:1 consolidation before the halt. 10.5M/35M = 30c The halt occurs and there is a 10:1 consolidation in a deal. The

[LOCKDOWN]

LeftBook you do an excellent job at playing with the numbers and scenarios in which some offer some hope to the present shareholders ,optimistic for the most part a great attidude to have you appear to have a higher intellectual capacity than Damian for sure.(no disrespect to Damian he seemsl ikea really nice person,just never got the gift of brain cells,not his fault for sure mostly a DNA thing

[LeftBook]

  LOCKDOWN,      I would value your 3 million shares the same way I would value the shares of others. I would start with the $13.0M of shareholder equity.   Your 3M shares means that you own 1.7143% of all shares. 3/175 = 0.017143 = 1.7143%   Your slice of the pie has a value of ... $13M *  1.7143% = $222,900   (( repeating the

[LeftBook]

Lockdown, what is your valuation of the balance sheet and tax credits ?     My value and Damian's value of the balance sheet are similar. We come at it from different angles. $26M on the low end. Over $50M on the high end.     https://stockhouse.com/companies/bullboard?symbol=v.rcg.h&postid=29725366   https://stockhouse.com/companies/bullboard

[LOCKDOWN]

LeftBook thanks for your reply (much appreciate your information) I do agree with your evaluations on the surface because it  appears to be based on facts and the known.I feel the true evaluation is different (but also known by the smart people in the know) leaving the outsiders in the dark.Now if Mr. Sprott does what Mr.Sprott does best he will make a deal that will unlock the true value in

[LeftBook]

My impression is that the quarterly reports, related MD&A and PEA, and technical documents hold all the informaiton necessary to estimate the true or intrinsic value of RCG. I think the balance sheet is a good first approximation of that intrinsic value. The PEA and technical reports give an idea of its potential. They should hold the information necessary if the roles were reversed. My

[LeftBook]

  Hmmm.  If there is an area that the annual reports were weak or left us in the dark it would be the tax credits. Significant tax credits were noted for the first time in June 2018 annual report.  Consider the early investments at 20c.    The tax credits represent ...   1. a significant portion of the underlying value, or 2. an important margin

[kenmar]

Thanks Leftbook. Any interest in working out actual numbers how our tax credits would benefit some of the potential bidders? Would love to see  ANX, AGB, BTR,etc., and if it could be applied right away to lessen their tax. Maybe ANX( I know, Iknow, Damian said they're probably out) could spread it out and AGB or BTR would do it differently, like apply it all at once. Only AGB would have

[LeftBook]

kenmar, I think your comments are correct. ANX could spread out the tax credits. AGB could make a profit by pricing the credits at 50% of value and exercising them all at once. I prefer general scenarios to specific scenarios.  I doubt I can get closer than ballpark numbers. And it is impossible to guess the bidders intent amongst multiple bidders.   That said, I calculated a

[LeftBook]

If the underlying value in June 2017 and June 2018 was around 13c then the stock should be trading around that level.    That is close to the exercise price of 12c warrants.   16,000,000 December 8, 2020 0.125 15,932,555   March 15, 2020 0.12   $3.9M is not enough to run Dufferin but enough to pay off some of the liabilities. === I can't make