Post by
cyrustg on Feb 03, 2021 4:02pm
Warrants
With another chunk of warrants expiring in Feb. , perhaps it is time for a Hail Mary fund raiser to get the money for our 50% cost of a well in Botswana.Would not be much dilution if we got 35million shares and warrants for sale at 20 cents .All the warrants that have expired over the last couple of years would still leave less shares outstanding than if all the old warrants had been exercised.
mexico is dead for awhile but thank heavens the oil price has gone up recently so the company is getting an extra( 1200bpd x $10.00 per barrell extra x 30 days = $360,000.00 per month which should keep the company going until Amlo sees the light.
Sell the warrants , raise the cash and drill Botswana !!
Ciao
Comment by
investor55x on Feb 04, 2021 4:29am
"Not yet" I would say. First let RECO prove a hydrocarbon system in the Kavango, then ROE could act regarding Botswana option and properties. By the way: I absolutely don't think that Mexico is a "dead asset"...I'm optimistic that we'll get a deal regarding Amatitlan... :-)
Comment by
amkestrel1961 on Feb 04, 2021 7:56am
recaf long holder who just recently added 50k roe shares based on the piggyback/possible JV roe has with recaf. Totally agree letting reco/recaf prove the kavanga namibia side is smart. If that happens, Craig S certainly could lend roe the million to complete ROE's million $ option for the 50% jv in Botswana.
Comment by
doggiestyle on Feb 04, 2021 2:06pm
Ditto - also a Reco long and added 50K ROE for the same reason. Seems logical.