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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 Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (6.3 million acres) and 8,990 km2 (2.2 million acres) in Botswana. The two licenses together comprise 34,325 sq km (8.5 million acres). Its conventional drilling program is focused on analyzing the rocks to determine if there is a working petroleum system in the Kavango Basin.


TSXV:RECO - Post by User

Comment by SunnyRanchon Jun 08, 2021 7:27pm
201 Views
Post# 33352632

RE:wow....

RE:wow....I guess I'll take this one. Frank, it's a pleasure to meet you may I call you Franklin? Perfect... Franklin, I suspect that many of us will continue to buy shares. Some of us may have been too busy working to buy them today. Others have been working on their English others still have been working on their math. The math tells me that I even if I had an only ten percent chance at a 1,000 or 10,000% percent return on this play if should go for it. The most a short could make is 100% and the story does not seem to be going your way. Best of luck to you... Oh PS: everyone there are brokerages out there who will not lend your shares to shorters or will pay you half. I highly suggest you call your brokers, trading companies or search online for companies. Short and distort is drawing to an end either through legislation or good business practices. Franklin, if you can move the price down it's no skin off my nose but not all of the shares out there are allowed to be borrowed. I suspect if there really is a Large Naked Short play out there they are in for a bit of a surprise lol. Seriously people call your brokerage company find out of they allow your shares to be borrowed and switch! Setting your price through the roof does nothing to prevent them from being loaned out. It will however allow you to take profits if there is a short squeeze so if I were you I'd place a call and set the sale price for between $500 to $1,500 again they can still lend em but why not get rich when they have to buy em?
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