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Bullboard - Stock Discussion Forum 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... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Don't Panic nothing has changed
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Post by Hotshot85 on May 31, 2021 10:09am

Don't Panic nothing has changed

all of this new negative info is being introduced to incite panic in retail investors. Nothing has changed from last week or the week before. Keep holding, Keep accumulating.  if people are going to seel into this pressure i'll be happy to pick up the shares. 

the roof is going blow off of this with results from the next well.
Comment by doggiestyle on May 31, 2021 1:28pm
HotShot - I think the roof will start to blow off "before" the results, as the shorts are going to have to cover. There will be a huge run up over the next few weeks as covering starts. This week and next are likely the last 2 weeks to buy cheap as panic buying will be starting soon.   
Comment by doggiestyle on May 31, 2021 1:31pm
and today could be the lowpoint as they have coordinated their attack around this Globe press release and the US holiday. They clearly aren't having that much success but it is pretty cheap today relative to the past month.
Comment by Hotshot85 on May 31, 2021 1:39pm
i guess that will depend on either when the timeline of the short runs out, or banks force to cover. I'm not an expert on this so i dont know what the threshhold would be for a bank to start forcing a hedgefund to cover. 
Comment by doggiestyle on May 31, 2021 1:43pm
I don't think they would hold their shorts through the release of the driling results. They are underwater now but the the next update is positive they will be bankrupt - so I am assuming they will need to cover prior to news. (just my assumption)
Comment by investor55x on May 31, 2021 2:54pm
Make no mistake: The Anson-shorters will lose this fight. We'll take care of it.
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