RSN: Renison ConsolidatedShares on Issue: 1.7mnShare Price:...

RSN: Renison Consolidated

Shares on Issue: 1.7mn

Share Price: $0.008

Mkt Capitalisation: $14.4mn

Just raised $2mn largely from Chairman and Director



*****Management:*****

Chairman - Steve Bizzell.

Of Arrow Energy fame (Executive Directors). Also large SH and prominent behind BOW (Bow Energy).

Very well known and regarded in the broking and Investment Banking community.

From Arrow Energy Executive Profile:
(http://www.arrowenergy.com.au/page/Our_Company/Board_of_Directors/Stephen_Bizzell)

Board of Directors: Stephen Bizzell

Executive Director
Qualifications
BCom ACA

Age
40

Stephen is a Chartered Accountant and early in his career was employed in the Corporate Finance division of Ernst & Young and the Corporate Tax division of Coopers & Lybrand.
He has had considerable experience and success in the fields of corporate restructuring, debt and equity financing, and mergers and acquisitions and has over 14 years' corporate finance and public company management experience in the resources sector in Australia and Canada with various public companies.

He is Chairman of boutique investment banking and funds management group Bizzell Capital Partners Pty Ltd and has been an Executive Director of Arrow Energy since 1999.




*****ASSETS:*****

Agate Creek Gold Project!

- Drilling as we speak. Drilling Program 2-2.5 weeks underway.

- 10 targets to be explored and identified

- Extensive driling program! Up to 350 Drill holes been targeted.

"Drilling will comprise between 6,000m and 10,000m of short <80m drill holes numbering between 200 and 350 in total across the 10 regional prospects."


- Previous results EXTREMELY HIGH GRADE. Up to 360 g/t. Thats visible, in your face type gold grades!

"The drilling follows up on significant rock chip results that have been received from regional prospects including assays of up to 357 g/t gold from the Phoenix Prospect. Coincident results of
2510 g/t Silver, 5.58 % Copper, 3.4% Lead, and 5.94% Zinc have been received from the Moon Beam Prospect, and up to 7.77 g/t gold from the Will Scarlet Prospect."


Phonix Prospect looks particulary interesting. Grades from previous sampling recorded GOLD HITS up to 360 g/t. If anything LIKE THIS/in the VICINITY OF THIS is hit in the drilling program, we have a 3-4C STOCK PRICE!


- Extensive land holdings for this exploration program and further programs



*****Additional Non-Gold Assets:*****

- Ashford Coaking Coal:
50% JV with NEC. NEC $1.30 coal company in Qld.

"Inferred Resource of 18mt of Coaking Coal with further potential for increase" [taken from the company]


This in itself could/should command a $15mn+ enterprise value. ie, 1cents ON ITS OWN: irrespective of $2mn cash balance & Gold assets.




Well worth a serious look now. I say now as its seems everything is about to nicely fall in place.

1) Chairman, Director and chairman friendlies just put more $$$ in. Chairman (Steve Bizzell another $400,000 of his own)

2) 2-3 weeks into drilling program. Company will release results as the come and we should get some in a week or so

3) This is flagship drilling for the company!

NO UPSIDE IS PRICE IN AT THESE LEVELS.

If anything is hit, you can be sure Bizzell and Bizzell friendlies will be very active taking the stock to much higher levels given the lowly mkt capitalization and the large shareholding held by management.

For pennies ike these, there in for the many many times MUTLIBAGGER (like me)!



Regards,
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