Reconnaissance Energy (Africa) Ltd V.RECO

Analysts Coverage

[Oregonduck]

Haywood's analyst appears to be the only one putting out a target price of $16.00 for the stock. Just so people understand, they are your so-called "Sell-side" firm that underwrote an offering to their accredited clients at $9.50.

I am not equating RECO with Sino-Forest, the largest fraud perpetuated on the TSE and ended up with a $2 billion class action settlement. It was for nothing as the the Co filed for bankruptcy and the principals were out of the long arm of the law enjoying their money in China.

"...Richard Kelertas of Dundee was one of the only people on Bay Street who dared to come to the defence of Sino-Forest Corp., after Muddy Waters founder Carson Block accused it of fraud. Mr. Kelertas made headlines with his spirited attack on the short-selling firm...

Sino-Forest shares were eventually cease-traded by the Ontario Securities Commission, which accused company insiders of committing acts that they “know or reasonably ought to know perpetuate a fraud.” (globe and Mail article cited)

[Luckboxx]

Lol...really getting desperate...Need some help?   can't wait for the next one....try being more creative next time

[Bpultra]

“Everyone is happy with the way ReconAfrica is doing the exploration. This is what we want – the liberation struggle is gone, it is now time for economic freedom. We want exploration, to know what is under the ground,” Hompa Eugene Siwombe, Chair of the Kavango TA Committee said. https://t.co/Hw4leMqRpS https://t.co/UwXUOt1kL4

[Bpultra]

  reconafrica_ #ReconAfrica and the five recognised #TraditionalAuthorities leadership in the Kavango East and Kavango West regions, held a consultative meeting as part of the strengthening of a collaborative approach to sustainable development, through ReconAfrica’s exploration project. The meeting was attended by the Fumu (King) of the Hambukushu Erwin Munika Mbambo

[Bpultra]

https://twitter.com/Recon_Africa/status/1452987087381217285 Ministry of Environment, Forestry and Tourism Executive Director, Mr. Teofilus Nghitila confirmed that the #ReconAfrica exploration operations are not on wildlife routes. He added that based on assessments done and their information, there are no significant wildlife issues.

[CammerRec]

Great post bpultra and right on! Prince Henry, Leonardo Decaprio, Jane Fonda and that whole crazy crew of radical environmentalists should stick to their $35,000 a ticket galas and but out of local African affairs instead of lecturing the locals why they should not develop their local resources for a good life. Prince Henry should be especially ashamed of himself in that his grandmother HM

[Bpultra]

ReconAfrica, in collaboration with the Government of the Republic of Namibia, set out this year with a stratigraphic drilling program to prove there is an active conventional petroleum system in the Kavango Sedimentary Basin. To date, the Company has completed two stratigraphic drilling programs and a low-impact, 2D seismic project. While seismic analysis is still in progress, the released

[CammerRec]

Underline the word "potential". I just wish that they would drill to get to the "bottom" of this all (pun intended) and hit big oil.