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Renaissance Oil Corp. RNSFF

Renaissance Oil Corp is engaged in the acquisition, development, and production of oil and natural gas in Mexico. The group's properties include Mundo Nuevo, Topen, Malva, and Ponton.


GREY:RNSFF - Post by User

Bullboard Posts
Post by Onedaylateon Dec 05, 2016 5:09pm
113 Views
Post# 25557057

Scheiffer has sure been quiet.

Scheiffer has sure been quiet.He really hyped this company and bought in big on the IPO. His portfollio shows he holds a whack of common shares and warrents. He bought in at abought .30. 
Been very quiet. Only a small blurb about the exceptionally high royalties, being misunderstood.
Said an interveiw with management was forthcoming. But nada.
I personally was upset with the high royalties that come with this auctioned parcel of land. Then their very vague stated reasoning reminded me a lot of when a Gov is trying to get a new tax past the voters by explaining how its a win win for the tax payer.
In my opinion these high royalty rates will remove almost any chance of a rocket like rise in SP.
The speculative spike when the market turns around wont happen. Like the Mexican gov is pissing on the matches that light the fireworks.
I want to be wrong!!
Bullboard Posts