Reconnaissance Energy (Africa) Ltd V.RECO

NOTHING HAS CHANGES FROM YESTERDAY

[teheran10]

...... The RECO story is only developing and getting more exciting.
I also added a few shares today to a spectacular position. 

I am following the BIG HUGE MONEY AND THIS EXPERIENCED MANAGEMENT. 

So far a crapy day but ......

[crude]

To repeat the lasting comment of the teleconfrence  THIS IS JUST THE BEGINNING  - not using stops picking up on the dipps .  besto' luck

[Elephants]

Not so bad. Recent signals suggest they're seeing something good and I got 50k more warrants at a discount. :)  We'll see in a couple weeks who was right. I'm happy with my track record and think it'll be me.

[ozkan123]

Hi, hopefully you can help out. was trying to find out the cost of the warrants and I can only see $0.70 / warrant Is this still correct?  If so, then as you say this about 40 cents cheaper than the shares is there timeline on conversion to shares?  Thanks in advance

[Cancundude]

O123.   RECO.WT.  expire August 2025 I believe. Crazy not to take advantage. No doubt holders will be forced to convert. But before that am hoping some drill results leak out   CCD

[Elephants]

There are different warrants depending one when the financing was. The one most will talk about are traded in Canada as RECO-WT. They are currently $3.05 and the shares are $4.16. The warrants are 5 years from Aug 2020 at a strike of $1. Effectively, $4.05 at the current price. However, there is an acceleration clause that triggers after 20 days of the shares being over $3. Likely next month. So

[ozkan123]

Elephants,  CCD,  thanks for the replies.  $1  per wqrrant makes more sense and puts the share price and warrant a lot closer.  AT this moment there seems to be about 5 cent diff between the 2

[Cancundude]

That's it's for today. Shares at 3.90 much below what I was thinking and warrants at 3.00.  What a day. Load up people this was a gift. Are we gonna see our end of day rally to 4.50?   CCD