Home > Boards > US OTC > Mining/Resources > Renaissance Gold, Inc. (RNSGF)

I'm up 50% from my under .30 purchase. :-D

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Zilla   Saturday, 02/08/14 12:20:08 PM
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I'm up 50% from my under .30 purchase. big smile
My buddy told me about this stock years ago. His Mom had invested into something that got bought out for cash, shares and new the company shares...I think it was AuEx Ventures, Inc. bought out by Fronteer Gold. Which got bought out by NEM Newmont Mining Corp

"DENVER, April 6, 2011
Newmont Mining Corporation (NYSE: NEM) today announced that it has completed the previously announced acquisition of all of the outstanding common shares of Fronteer Gold Inc. for aggregate cash consideration of approximately Cdn $2.3 billion (with a net cash acquisition cost of Cdn $2.2 billion).
SOURCE Newmont Mining Corporation"

She did EXTREMELY WELL to say the least. I watched RNSGF for a while and I liked the leadership but usually don't buy when something is just starting out.
So far I'm liking my investment, the chart and what I've read. I'm looking forward to 2014 and seeing what 'value' I can get as a shareholder. My friend was buying 1.70 range so I think I got a good deal. wink

I really liked reading this from their website...

"Joint Venture Business Plan: The Company believes that its joint venture business model is the most effective strategy for non-revenue-generating junior explorers. Renaissance minimizes exploration risk by joint venturing its portfolio of high caliber exploration projects with solid partners. By following this plan, Renaissance accepts dilution in its exploration property positions rather than dilution for its shareholders. Maintaining a tight share structure ensures that success on any single project can create significant rewards for shareholders."

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