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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 werROBINHOODon Jan 30, 2021 1:58pm
212 Views
Post# 32428772

RE:RE:RE:RE:RE:Warrant countdown RESTARTS if price closes less than $ 3.00

RE:RE:RE:RE:RE:Warrant countdown RESTARTS if price closes less than $ 3.00

Yikes man take it easy the elephants in Africa can sense the vibrations from the pounding of your fingers on your device. A few points;

Never did I say it was dirty or undeserved money.

Secondly I consider any money in play as money up for grabs. It's not mine until I sell and book my gains. The only thing I have received back was a portion of my original investment. So as long as money is in play, there are no guarantees, money can evaporate worst case  

Thirdly I can sit on a sp with a value of .05 or 15.00 for months and months while waiting for the ultimate value, of say the first JV deal, giving a value of say a sp of 100.00. How does the actions in between .05 and 100.00 affect the ultimate outcome?  It does nothing during that time for bag holders. Yes some may sleep better seeing they have a 15.00 sp while they wait  

The company already is cashed up and soon will add another 30 odd million. More than enough funds so no financing in the near future is required thus all bag holders have no reason to be bothered let alone think about the price action.

I am long and I hedge using a short position and work each side with the current trend of the sp. I feel this company has a tremendous future opportunity and while I wait why not add value?

Again at the end of the day the sp one sells at will not be based on the actions of shorts or longs. That ultimate future value, at the time you sell will be how the market values the performance of the company  

Sorry if you can't understand this and I can't explain in any better English.  

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