Reconnaissance Energy (Africa) Ltd V.RECO

Heard about this on #wallstreetbets

[ronnie4]

I saw this over at WSB. It looks like the reward to risk is reasonable. I also looked at the Haywood reprt ECT. I will likely buy in before this starts trending on Redditt. Why is this stock so undervalued? No complaints though because if the noise is an indicater there is about to be a whole lot of interest in this stock.

Ronnie

[rockgolem]

Hi Ronnie, The reasons why it is still undervalued are: 1. Bigotry towards any investment related to oil. I've tried to help people I know by telling them about this when it was much cheaper, and it is difficult to get anyone to even put a half hour of reading into it.  2. Most people, and especially most instutitions refuse to even consider investing in pre-revenue micro caps. The

[ronnie4]

Thanks for the feedback. I'm just learning the stock market. My daughter told me about Wallstreetbets from a tiktok lol. Made decent cash on GME but came in very late and before the pull back. This looks more real and has definantly peaked my interest.Glad I saw this on Wallstreetbets. The risk/reward seems worth it to me and it looks like a nice drop to pick some up! Ronnie

[rockgolem]

Welcome to the community!  This is certainly much more real than gamestonk lol.  It is still very high risk though, and I have lost 100% on projects that I thought were this safe. Unknown unkowns are always out there so please don't risk more than you'd be happy to lose.  Good luck

[Redrum180]

Inadvertent humor:     " ... please don't risk more than you'd be HAPPY to lose."      I can't seem to remember being happy to take any loss!! The substance of what you wrote is true; so many "can't miss" companies do miss.  However, I'm long RECO because if they are successful, the reward to shareholders will come quickly