Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s): V.RECO.W.A | RECWF | 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

Reconnaissance Energy (Africa) Ltd > Haywood: Buy rating and $8.00 target price for RECO

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Comment by Bpultraon Nov 10, 2022 1:18pm

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Post# 35089040

RE:RE:RE:Haywood: Buy rating and $8.00 target price for RECO

pacer001 wrote: Let us remember that of course Haywood is rating Recaf a "strong buy"; they have / had a huge position.

And obviously insiders knew that the news was not good and had been selling for awhile as the stock was drifting lower.

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If you are talking about Haywood huge position due to the $9 pp they probably dished that off to retail bag holders a very long time ago... they talk thier book these banksters ... ... for example they may pick a company to do a PP with and lets say set the price at $9 and then so they can dish off to retail they will come out with a report ..oh lets say for example purposes put a target price of maybe $14 or the like ... it makes it easier to sell off the PP ..

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