RNS renaissance minerals limited
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RNS/EMR Arbitrage., page-3

  1. hollinc
    58 Posts.
    lightbulb Created with Sketch. 28
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    18/05/16
    13:51
    Post #: 17801779
    I think Min is pretty close. EMR have $18 mill in cash. Less their stake in RNS, exploration commitment and FS costs I think they will end up with crica 10 by Dec. RNS has 4 lets assume they have 3 by Dec as they have minimal reasons to spend cash. Math would be 56-10 = 46 for EMR and 29-3 = 26 for RNS. On that basis RNS should be trading close to 9cent
    RNS Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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