Reconnaissance Energy (Africa) Ltd V.RECO

700.000 share purchase = PETROLEUM SYSTEM IN PLACE

[Hiddensecrets]

The VP of Investors Relations at RECO who already has 700,000 shares of RECO.V (which is significant exposure on an all or nothing play) decides to open his wallet and DOUBLE UP his  bet by putting down another $700,000 for RECO.V shares.

I have watched enough poker plays to know that when YOU DOUBLE UP it means that you have a very strong hand or, that he saw your hand. 

And the issue of a bluff cannot be entertained as there are no there players out there. 

His message is out and clear:    SHOW ME YOUR CARDS as I have a winner here.

CONGRATULATIONS TO EVERYONE - LOTS OF MILLIONAIRES IN THE MAKING.

My target is $ 250 per share (within 18 months).

MPO

[grenouille]

i like it.  not beyond a shadow of doubt, but it the idea does read well  ...plausible.

[simon19]

I'll take it. I believe it could be less than 18 months.

[med]

You sure he didn't just exercise his warrants

[Turned2Gold]

Yes - he excercised his warrants, but don’t diminish this news. These warrants have been tradable on the TSX since last August. Instead of selling them, Doug chose to reach in his pocket and add $700,000 to his personal investment in ReconAfrica. That brings his total out of pocket commitment to $1,200,000. since joining the company last summer. I view this news as the most bullish signal we have