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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 > Pressure to downside....
View:
Post by Wynjoe on Jul 20, 2022 10:11am

Pressure to downside....

With drilling underway, we should have experienced a spike in interest. Many are waiting for an opportunity to sell,get out while you can. To many unfavorable headlines and combined with a class action lawsuit and court actions reco is a major sell. I believe there has been unscrupulous behavior and a company that was recently trading for pennies and now 20 or 30 times s/p, this spells trouble. No viable oil and a marketcap bearing a BILLION DOLLARS,....LUDICROUS!!!!!MAJOR SELL!!!!
Comment by C1v1k6 on Jul 20, 2022 11:37am
hey flipflop make sure you sell me your shares then
Comment by jwa444 on Jul 20, 2022 12:36pm
You and a few of your friends (see "Duck") are like yappy little lap dogs that won't shut up.  It diminishes the usefulness of this board.  While there's still some risk to this stock, it's been mostly de-risked by good science since its market cap was about $2B.  In the meantime the stock has been pushed down to a MC of US$716M, primarily due to shorters like ...more  
Comment by pacer001 on Jul 20, 2022 3:16pm
Right you are jaw! Agree.
Comment by pacer001 on Jul 20, 2022 3:15pm
Wynjoe, so now that we are drilling extensively and success is just around the corner you want us to bail and sell? Us longs have held on so long. Do you think we really are that stupid to "snatch defeat from the jaws on victory"? But I guess as we get closer to great success and big money we can expect you naysayers to become more vocal. It won't matter because we know better!
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