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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

View:
Post by Moneycat on Jul 14, 2021 9:46am

The part I like

is Options at yesterdays close price.  $11.39.  Personally I think that is relevant as to me it means they know they have something.  Why would someone get excited about an 11.39 option if you thought the price was going to go down ??  Always look into the actual release and think like the executives and what they are thinking !!!!
Comment by Oildog on Jul 14, 2021 9:54am
Yes and it also means someone wants to buy 9 million $ worth of stock at 11.39 I wonder who the new guy is and what does he bring to the table. 
Comment by GoldenEra on Jul 14, 2021 10:02am
This post has been removed in accordance with Community Policy
Comment by FastIroc on Jul 14, 2021 10:12am
Now what will it take to go 20$ ?.......This release was not whar I expected...
Comment by cyrustg on Jul 14, 2021 10:19am
More news to come re how many zones and how many meters of gas/oil shows. Patience . Ciao
Comment by Kyodai on Jul 14, 2021 10:40am
Time and patience...
Comment by grenouille on Jul 14, 2021 11:20am
"the market is a mechanism for transferring wealth from the impatient to the patient."    ...warren buffett
Comment by Zoolanders21 on Jul 14, 2021 10:07am
It is typical for resource companies to pay consultants partially via stock options ... it helps keeps costs down. But also a good sign as most information to date would have been shared with the consultants and they agreed to options at $11.39 for partial payment which is a good sign. GLTA
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