RSN 0.00% 10.0¢ renison consolidated mines nl

on the run , page-13

  1. 1,711 Posts.
    On the Positive:

    RSN has a good Chief. Just look at what he's accomplished in AOE and BOW. Resource 400-500K oz already, and good potential ground to add more. 100% holding (shortly). Outstanding (read bonanza) rock chips grades which could lead into something really worthwhile with drilling, which is presently underway. Also holds advanced coal (CSG?) permits. Gold price well over $1K (nearing 1.2K). RNS share price still oversold at .7 .8 from last sell-off.

    On the Negative:

    Little remaining cash. Past calamities to recover from.

    Chart wise:

    Agree with above comment, chart looks set to run further next IMO. Hopefully with a little more stability and consistent up trending. Guess this past volatility was a given given an increase over its recent lows.

    Disposal of Coal(CSG?) Permits:

    Still think coal permit sale is a logical step to fund gold resource upgrades, bank feasibility study and note interest. Quarterly says opportunities being investigated. Reads to me as some possible offers are around.
 
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