I have been foraging around not only this site but in African and Namibian sites. In addition to Recaf's good news and local chatter things are pretty positive. So why Recaf's big drop?
There are two groups responsible.
Culprit #1: big energy stockholders.
They are pushing relentlessly for diverting funds from exploration to payouts. Just check out on OP.com and other sites how many energy companies are stopping/reducing exploration and development in favor of increased payouts. This will flip around once energy shortages become acute in the very near future.
Culprit #2: radical "environmentalists".
Not only have they agitated against exploration and development scarring big oil but have gained some board seats to further their agenda. I too think this will flip around once things energy gets scare enough.
All this being said, I am still holding on to Recaf.