"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Monday, November 22, 2010

Rennaissance Gold (REN.V)

This little feller showed up in my accounts as it was spun out from AuEx Ventures in its biz combo with Fronteer Gold (FRG).  Accounts show zero value and a funny number soon to be replaced by some thus far increasing value and what I have found to be the new pink sheet symbol, RNSGF.  Kind of like a bonus freebie, if it'll ever show up. 

What do you suppose is the underlying meaning behind all these business mergers, buyouts and spin outs going on in the gold exploration sector, hmmm?  Over the last very few months I've got THM spinning out KOR.TO, FRG/XAU spinning out REN.V, AR.TO absorbing Pediment Gold, Ventana being acquired with cash.  I kind of like this.