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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. > To simplify....
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Post by petesfreak15 on Apr 19, 2021 10:32am

To simplify....

Its not a cash buyout - its a share swap.   Lets hope there is more news on Reco side, and our management can negoiate a better swap (considering our 50% rights to it). Even a point .005 would help.  30 days countdown.  GLT Longs
Comment by DreaminJim on Apr 19, 2021 10:36am
Correct, so whatever RECO is trading for at that moment, multiply it by .046, and that is what the ROE share price would be at if the aquisition were to go through at that moment.