Reconnaissance Energy (Africa) Ltd V.RECO

The KING shall speak.....

[Matteo1234]

f they prove even a billion bbl conventional find this thing is going to moonshot. I am up 200% so it's all gravy now.

The Chinese will scoop it up in a hurry.

This post was edited on 6/24 at 10:57 pm

 

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GeauxldMember 
LSU Fan
Black Pearl
Member since Nov 2003
3503 posts
 

Posted on 6/25/21 at 10:59 am to GREENHEAD22

Another hit piece on RECAF by short interest, Viceroy.

quote:

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JUNE 24, 2021 – Viceroy Research is short Reconnaissance Energy Africa Ltd (TSXV:RECO), a junior oil miner specializing in stock promotion and insider enrichment. RECO’s mining assets are not highly speculative: they are borderline imaginary. Despite a CAD ~2bn market cap, RECO has a near-zero chance of finding any asset of value in their exploration site, and an even lower chance to capitalize on any find. RECO management (including shadow directors we identify) have a long and checkered history of bribery and corporate and environmental scandals. More recently, RECO have formally engaged a Namibian businessman who has been implicated in dozens of bribery investigations.

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I recouped my initial investment on this and am hanging on to 675 shares in case it moons. I make no pretension as to whether or not this stock is a pump and dump, but I always find this kind of shite rich…

quote:

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Viceroy Research are an investigative financial research group. As global markets become increasingly opaque and complex – and traditional gatekeepers and safeguards often compromised – investors and shareholders are at greater risk than ever of being misled or uninformed by public companies and their promoters and sponsors. Our mission is to sift fact from fiction and encourage greater management accountability through transparency in reporting and disclosure by public companies and overall improve the quality of global capital markets.

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Good thing we have operations like Viceroy out there to protect us plebeians from all that mean corporate greed. 

[Matteo1234]

Warrants could be a good option. I have a low ball order for a sheot load @ $1.57....A" at the open on June 3, 2021. Pursuant to the Offering, a total of 2,179,020 Warrants were issued, each Warrant entitling the holder to acquire one common share in the capital of the Company (each, a "Common Share") at a price of C$14.00 until May 27, 2024...... Stayhard

[Matteo1234]

“RECO and Haywood interpret the 56% and 61% water saturation values as indicative of 44% and 38% oil saturation. This is a major misrepresentation of the drill results.” Viceroy Counterpoint: “When determining the type of porosity in a given formation we