RSN - Renison Consolidated Mines

[wipz]

Putting it out there, I was looking through some financials and saw that RSN are the main shareholder in Nothern Energy Corporation Ltd (NEC). NEC are involved in Coal exploration, but do hold some petroleum tenements in Qld and NSW. NEC shareprice has had a decent run lately and RSN has been performing poorly as usual.

 

[ta2693]

RSN sell out NEC on 03-04-07 Renison Consolidated Mines Ltd 18.01 --
RSN is no longer a shareholder of NEC.

 

[Motherlode]

Does anyone have any idea what Renison are so down and out? They are down to 2.5 cents. Its not so long ago they were at 30cents. Surely the value of their coal and gold assets should have risen with the rising commodity prices? They have approximately 28 million in receivables for the sale of their Tom's gully gold project due in. Does anyone know anything about them?

 

[Georgeb]

this is definitely a cheap gold play...i like it as we have Bizzell as the man leading this company and he is a major shareholder...