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Bullboard - Stock Discussion Forum Resource Capital Gold Corp GDPEF

RF Capital Group Inc is a financial services firm. The company's operating segment includes Wealth Management and Corporate. It generates maximum revenue from the Wealth Management segment. The operations segment provides carrying broker services to third parties, including trade execution, clearing, and settlement services.

GREY:GDPEF - Post Discussion

Resource Capital Gold Corp > estimate of PwC's balance sheet March 2019
View:
Post by LeftBook on Jul 13, 2019 4:33am

estimate of PwC's balance sheet March 2019

 
The PwC numbers are very similar to the RCG June 2018 balance sheet.
 
Below is an estimate of the March 31, 2019 PwC balance sheet incl SISP/DIP
(See note 2)
 
ASSETS
Cash                                   10,559
Receivables                        44,254 
Prepaid expenses               63,401 
Net fixed assets (RCG)       19,910
Land  (MGC)                       99,270 
Reclamation bond          1,070,000
Plant and equipment      3,053,588
Exploration assets          1,278,257
Development property  25,653,698
 
Total Assets                  31,292,937
 
 
LIABILITIES
Accounts payable          7,270,353
Promissory notes              103,551      
Credit facility                  8,244,300       
Asset Retirement              569,535 
Deferred tax liab.           2,147,000
SISP/DIP                       2,200,000
 
Shareholder equity      10,758,198
 
Total Liabilities             31,292,937
 
 
shares outstanding 174,790,696 shares
 
book value = 6.15c/sh
 
 
---
 
Notes:
 
1)
Development property  
 
purchase price 2016   9,870,602
+ improvements 2017   6,713,704
+ improvements 2018   7,872,214
+ improvements 2019   1,197,178
= Total 25,653,698
 
Improvements are up to June yearend. 
For further details see June 2018 Annual Report pg 20.
 
2)
originally posted on March 19, 2019
 
https://stockhouse.com/companies/bullboard?symbol=v.rcg.h&postid=29507943
 
 
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