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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
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 > RECO offer undervalues ROE by %50
View:
Post by doggiestyle on Apr 26, 2021 12:40pm

RECO offer undervalues ROE by %50

 
 
Based simply on total acreage - The deal should have been priced at .069 not at .046
Comment by Tarheel89 on Apr 26, 2021 12:56pm
Recaf never should have given them the option in Botswana in the first place.
Comment by Ebenizer3 on Apr 26, 2021 1:14pm
ur misinformed. Steinke has been sitting this up along. If ur mad at what happened in Mexico put on ur bullet proof vest and go talk to amlo, I would give u a 1in 5 chance to make it out alive. Good luck. https://resourceworld.com/reconnaissance-energy-africa-granted-botswana-petroleum-licence/
Comment by doggiestyle on Apr 26, 2021 1:21pm
Makes no difference how anyone feels about what was done in the past. As of right now - RECO is getting ROE at a great price!!
Comment by scatman on Apr 26, 2021 7:21pm
I'd argue the opposite. It undervalues RECO's shares now that we have a system.
Reconnaissance Energy (Africa) Ltd
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