GREY:RNSFF - Post by User
Post by
Dave4444on Dec 23, 2020 1:00pm
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Post# 32170147
Market Cap. ROE is $32m and RECO $240m, put two and two
Market Cap. ROE is $32m and RECO $240m, put two and two
together and you get an imbalance here as it relates to the Kovango basin. Yes, ROE also has Mexico, but just looking at Kovango Basin. RECO owns 100% of Namibia portion of the basin, however, the Botswana side of the basin, 2.4 million acres is now 50% owned by ROE. IF RECO hits oil in the basin, the RECO shares are expected to sky rocket, and guess which shares will also be heading up, those of ROE, as if the Namibia portion of the basin has oil and gas, it is a good guess that the same will apply to Botswana.
The thing is though, ROE is still dirt cheap.