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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

Post by NameOfTheGameon Jan 18, 2021 11:17pm
469 Views
Post# 32323863

My thoughts on my own humble portion of the shares.

My thoughts on my own humble portion of the shares.
  • In at 0.57 with 5000 shares = $2850 investment
  • Cost of a trip to Peru + initial investment = $6000
  • Prior to News on results, sell % of stocks required to attain $6000 benchmark (assuming 5% of shares)
  • Let the rest ride either to the moon or to hell
This is how I plan to de-risk. This way, even if the stock rides to zero I come out happy, having had fun, having made friends here, and getting a free vacation out of the deal.

What I am NOT however, willing to live down, would be shorting this stock, or selling before news, and finding out I missed out on hundreds of thousands, possibly millions on the best of good news, because I got trigger happy.

What's everyone else's plans for "putting some away" and de-risking?
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