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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. > Nice volume.....
View:
Post by Ebenizer3 on Nov 05, 2020 6:46pm

Nice volume.....

on those warrants: 275,000 @ 0.01
Comment by NFKRS17 on Nov 05, 2020 11:07pm
Why would someone buy warrants which have a strike at 50 cents? The logic must be that RECO strikes it big in Namibia, and that takes ROE all the way to 50 cents on its coat tails.  At 50 cents, that would be an implied market cap of C$160 million for ROE. If you assume that ROE is going to move 10% of what RECO will, that implies RECO will have a valuation of C$1.6 billion. Does it all ...more  
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