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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Reconnaissance Energy Africa Ltd. is a Canada-based oil and gas company. The Company is engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia and northwestern Botswana. The Company holds interest in a petroleum exploration license no. 0073 (PEL 73) in northeast Namibia and an interest in petroleum exploration rights in northwest Botswana over the Kavango Sedimentary Basin. The Company's exploration license covers an area of approximately 25,341.33 square kilometers (km2) (6.3 million acres) of oil and/or gas exploration properties comprising Blocks 1719, 1720, 1721, 1819, 1820 and 1821 situated in the Kavango Basin of northeast Namibia (the Namibia Licensed Property) and approximately 7,592 km2 (1.88 million acres) in Botswana (the Botswana Licensed Property). The two licenses together comprise over 32,933 km2 (8 million acres).


TSXV:RECO - Post by User

Comment by Goaweighon Dec 22, 2020 7:26pm
280 Views
Post# 32166441

RE:RE:RE:Short question

RE:RE:RE:Short questionYes technically you're right, but I doubt there will be a buy in, and I doubt there are many true shorts. There's a huge in the money warrant position which can be used as a hedge, it's a traders dream.



scatman wrote: Technically that is not correct. Shorts can only stay short provided there is stock to borrow. If the shares that are borrowed are called then they may have a buy in and if the stock can't be found then it has to be coverd. This can happen in certain circumstances, such as lender calling in stock, stock moving from the margin side of an account to the cash side to name etc....

Naked shorting is not prohibited but it happens.


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