RE:RE:news this morningIt should be obvious why the share price is dropping - the emporer has no clothes! With every press release, the faithful followers think "At last! This is it! They're going to announce something big!" Then all they get is a great big nothing burger.
This "reserve" report has already been released, a couple of months ago I think. It's not news. Their operational update is also nothing new. No wonder the market is disappointed.
I think Recon has geological and geophysical prospects, but they're still a long way from oil. As a speculative exploration play, the time to buy shares is when the drill rig is drilling, the time to sell shares is when it stops drilling.
Jimmy