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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 Hiddensecretson Jan 30, 2021 3:26pm
247 Views
Post# 32429066

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

RE:RE:RE:RE:RE:RE:Warrant countdown RESTARTS if price closes less than $ 3.00I fail to understand how you are hedged. 

You took out some profits, to recoup some of your original cost.

You still hold a position of 50,000 shares at $ 3.31 which represents $ 165,500.    This is YOUR money, be it original capital, profit, loan, inheritance, gift, etc....

So how is this $ 165,500 amount hedged?

Do you not see that you are blinded to the fact that it is YOUR MONEY.   You have no hedge.  You are risking losing your profit.   The profit is YOURS, and YOURS to lose. 

You are like the rest of us, holding a position, bag holders like you call us and yourself, hoping that it does not drop lower. 

People in the market have been mislead as to what is theres and what is not.    Bill Gates invested $ 7 million in Microsoft, now he is worth $ 150 billion, does this mean that the difference which is $ 149 billion, 993 million is not is because he has not sold his share and not paid his taxes, and therefore it is free house money????

So when does house money become your money?   When taxes are paid?  When you have to do your bookeeping?  When it is deposited to your bank account?   When you pass off the position as inheritance?  

When????? Does it become your money????

If profit does not belong to you, then you should be doing something else in life. 

MPO
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