Resource Capital Gold Corp GDPEF

Possible Scenario!

[damianchosenone]

I believe there will be a company/entity that will pay off the 20 million of debt ( CRA, Sprott, other creditors). Maybe some of that will be for RCG shares that they receive.

They will have offer extra cash in the negotiations to start up production again as permits are all in.

They will in turn receive a large amount of shares and then do a 10 to 1 consolidation ( that would suck, but a 5 to 1 would be good) . They will right away start minign th estopes and tailings and get out a news release that they made millions right away ( this is all waiting right now).

I'm just hoping they do not ask for 200 million shares and if they do, they do a 5 to 1 and not a 10 to 1.

A buyout has a 0 % chance of happening!

[LOCKDOWN]

I have a question for the smart people writing blogs on RCG. What are the percentage chances of common share holders losing all their share value verses retaining something for our shares in the deal??? If you can make the answer simple .example 35% chance of losing everything 65% chance of retaining 7.5 cents per share

[damianchosenone]

90 % chance of surviving and 100% chance of getting consolidated and having out shares worth less in relativity to how many will be out.

[LeftBook]

0% if there is a merger you will get shares in the other company

[damianchosenone]

I really don't think there will be a merger. I reall ythink someoen will buy it to keep it at RCG and in turn get a whackload of shares in the company for it. I know that ANX and AGB are not even part of the negotiating at this stage?

[kenmar]

50-50 The major creditors are Sprott financing and CRA. Sprott financing were expecting to get paid back at a clip of just over a million per year for 5 years. CRA want money flowing to them. They get to add penalties if you are late and can  be persuaded to wait a bit if they think you will be good for it. The smaller creditors might be a little more anxious to get their account paid in

[LeftBook]

kenmar, why 50-50 ? why would your vote be zero from late 2014 into the end of 2015 ?

[kenmar]

 50 percent chance we get something and 50 percent chance we get nothing, although 1 cent shares were almost nothing when we could trade. Keeping a balanced outlook is all. Can't be too dissappointed that way.   Primero is a company that survived long enough to get swallowed by First Majestic. They sold the Black Fox(money losing) mine to Mcewan for 25 or so million. Had a mill

[LeftBook]

200M shares * 10c/sh = $20M is ballpark what is needed to bootstrap Dufferin === doubling the shares to say 350M shares would cut the return on Dufferin in half before $121.1M / 175M = 69.2c after $121.1M / 350M =  34.6c but there is always Tangier and Forest Hill to mine As I see it the gold is not going to mine itself. === Note: I hope they do a 1000:1 consolidation