Reconnaissance Energy (Africa) Ltd V.RECO

Insiders 18% 2 days ago now over 23%

[C6J6Dub6U]

https://finance.yahoo.com/quote/RECAF/holders/

[Hiddensecrets]

Thanks, So far four signals that drilling is SUCCESSFUL: (a) Ordering expensive 2D seismic testing over 450 miles, costing $ 3.3 million (after 1 week of drillng hole #1) (b) Insiders loading up from 18% to 23% of the float. (c) Haywood increase to $ 7 per share.  (d) German conference where company speaks of keeping leverage in negotiations to release results in one shot.  We call

[Ftahir]

This is really good to hear.... this share is volatile, difficult to predict ... i have enough shares @3.6... but still thinking to buy... thoughts? 

[C6J6Dub6U]

do your research. Read everything. Go to all the links. Then decide.

[C6J6Dub6U]

thanks for summing that up so well. I shared that to another board. Brilliant

[GorgeousGeorge1]

Would be great if accurate but I have doubts about yahoo's data, sometimes it's off a bit. That would mean an increase of 5% or ~5 million shares worth around $20,000,000. I haven't seen any change in holding notifications out of the company so bit dubious

[amkestrel1961]

possible that of the 9,412,500 options as of 9.30.20 financial report page 11, that mgt and insiders exercised 5 mill at aver price of .51.  Or maybe some of 58 mill warrants, page 10,  5 mill exercisaed at aver price of .82, or combo of both. And yahoo missed that they were o/w.