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Bullboard - Stock Discussion Forum 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 Discussion

Renaissance Oil Corp. > Just some thoughts
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Post by Boots333 on Mar 25, 2018 8:30pm

Just some thoughts

Onedaylate you seem to think that accuracy on the bonus royalty percentage is deceptive or misleading. You have at least corrected your calculation of the percentage recovery on the Chiapas block, after your original number was out by 38.55%. But you are completely ignoring the Ponton block percentage and this block was obtained as a result of the bid at the first auction. And you are correct, there was no production, that is why the bid was lower.

 

In any event I will continue to offer my thoughts and endeavour to be as accurate as possible. For me, I am a guy who always sees the glass as half full and am thankful to the person who gave it to me for free. Some people always see the glass as half empty and complain about it to the person who gave it to them for free.  The three Chiapas blocks were a free gift that keeps on giving.

 

Just for accuracy, there is only 279.1 million shares outstanding, not north of 400 million as you stated. 

 

I get a certain amount of confidence when an outsider, like Maliki, who knows the oil business and the challenge of being a start up in the oil business, sees ROI at this point in time, as an opportunity good enough to buy more than 10% of the outstanding shares of the company. 

 
Comment by marvelmaker on Mar 26, 2018 6:36am
Sorry I am a newcomer to this stock. Why do you guys call it ROI? I thought this company was Roe? Are they changing their symbol? Glta! Rob I own the roe.wt expiring next year strike price $. 50
Comment by anymuse on Mar 26, 2018 8:44am
470 mil shares is the total when you add up all the options ,warrants, issued, and outstanding. Any investor will use that total to arrive at a market cap figure as it's just common sense. To use the 280 mil number is fooling yourself.
Comment by ferret_ca on Mar 26, 2018 12:09pm
if you are going to use the 400mil plus number including warrants and options then you also should add the 99 mil plus  in cash they will receive from the wts and a a few more mil from the options.  I can see adding in the .20 wts and the options that are in the money but adding the .50 wts to the equation is a bit of a stretch at this point being so far out of the money.
Comment by crude on Mar 26, 2018 10:08pm
All i do is look out 12 to 18 months and all i see is sunny skies !!!!!!!!!!!! - and me on the beach about 800 klm southeast of the drill rigs!!
Comment by Onedaylate on Mar 28, 2018 12:14am
I will admit I am on shaky ground on the total float being at 400 million or more. Here is what I have reached with some quick research...... Yahoo dash board has market cap at $70.907 million at sp of $0.255. That gives me 278,066,667 shares. With the last two equity raises there is an additional float of 89 million warrants that may or may not ever get in the money. That brings my count up to ...more  
Comment by bluehoo on Mar 28, 2018 12:39am
This post has been removed in accordance with Community Policy
Comment by ferret_ca on Mar 28, 2018 1:58pm
the fully diluted numbers showing all wts and options and what they will bring in are on the company website inside the corp presentation towards the end. they are not trying to hide anything at all as far as number of shares etc go. I agree if c/f doesn't increase a fair bit  before they migrate to a cee on the amatitlan, they probably have to raise cash to exercise their options to ...more