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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

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Post by Wynjoe on Feb 10, 2022 12:50pm

Answer me this...

Market cap over 1.2 BILLION DOLLARS. They got a couple of so so holes drilled,and barely enough cash to drill 2 or 3 more,in a country that's f eee.The only saviour I see is if they strike the mother lode in these next 2 wells(doubtful),and (maybe)some of the big boys buy them out. AM I MISSING SOMETHING???
Comment by Fredo51545 on Feb 10, 2022 1:00pm
That's why we own the stock.
Comment by Wynjoe on Feb 10, 2022 2:08pm
Big gamble.Bought deal @ $6.35 per share.This means unless issuer's want intensive scrutiny on this placement It is almost certain that shares will be available soon for under that issue price. Buyers of the bought deal also got the privilege of warrants. Stinks to the high heavens to me.MAJOR SELL...
Comment by Matteo1234 on Feb 11, 2022 3:58am
The ACE says quite normal as a juniour to issue shares. No red flags. Good deal. You and Ducky can be chums. Stayhard
Comment by CoreyB on Feb 16, 2022 11:53am
A brain, apparently.
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