Renaissance Oil Corp. RNSFF

RE:RE:a bit more volume today

[ferret_ca]

NFK   actually I am completely out of roe now, no shares and no wts, got rid of the last of them a while back, just too risky for me at this point, who knows what will happen with amlo in power even if they do somehow end up with a deal, it's an interesting story so I still follow a bit.   

my take on this royalty thing on these chiapas properties is that roe would be more than happy to lose them, I think they tried to sell them all and were only able to dump the one with the low royalty rate.  interesting that management and the big investors don't seem inclined to help with another financing here, I just feel they've decided to take a stand on getting something done with amatitlan and aren't willing to invest any more until they do, if they do, this will either help or hurt them, it'll be interesting to see.   the other thing I don't like here is what I'm reading about some the big us frac plays running out steam and banks are more and more unwilling to keep financing them, the mexxicans must be looking at this at least to some degree while they decide what to do. jmho

I wouldn't blame management at all for any of roe's current woes, they've been doing all they possibly can. If I wasn't retired and was still working I 'd still have some of my mad money in roe but it's just too risky for me, I'm comfortable and plan on staying that way, lol. amlo has been more than anyone bargained for as far as foreign energy in mexico goes.

cheers and gl with it, and happy holidays to all of ya.