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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the opening of Kavango Sedimentary Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. It holds 90% interest in a petroleum exploration license in northeast Namibia and a 100% interest in petroleum exploration rights in northwest Botswana over the entire Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (6.3 million acres) and 8,990 km2 (2.2 million acres) in Botswana. The two licenses together comprise 34,325 sq km (8.5 million acres). Its conventional drilling program is focused on analyzing the rocks to determine if there is a working petroleum system in the Kavango Basin.


TSXV:RECO - Post by User

Comment by SprengoMon Apr 22, 2021 4:53am
173 Views
Post# 33042903

RE:RE:RE:RECO HAS LOST $500 MILLION IN MKT CAP SINCE MERGER ANNOUNCED

RE:RE:RE:RECO HAS LOST $500 MILLION IN MKT CAP SINCE MERGER ANNOUNCED

You reason in very strange ways.
Investors that bought at 10.20CAD were not "skrewed" by management but rather by their own greed. They probably were trying to make a quick buck on the enormous volatility in small-cap stocks during price discovery on trading days after news is released. Some win and some lose, but those that invest were already in at or below 4CAD after thorough DD or will get in the coming weeks now that the project has been derisked and the market has found a price.

Anyhow, you have made your point that there is still risk to this stock and everyone should be aware, so perhaps you should move and make better use of your time.

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