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Reconnaissance Energy (Africa) Ltd V.RECO

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

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 WHVWHVon Mar 06, 2021 5:23pm
278 Views
Post# 32737125

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Went to the Horses mouth

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Went to the Horses mouthI suppose I should have said 'I am not expecting a large sale or sell on warrant redemeption'. Also let me be absolutely clear, Haywood reps advise their clients, they feed them information, but every single trading decision is absolutely the decision of the client. Some reps are more conservative, some are more aggressive, but still the decision on actions in an account is always the decision of the investor. Wise investors consider all infomation available to them and then decide for themselves.
With regards to the issue of warrants  What the hell are you talking about? Do you  have any idea how this works? If I am redeeming warrants for $1.00 and intend to hold them, it makes no difference at what price the shares which are being redeemed are trading. I will give the broker $1.00 for every share I am redeeming regardless where the shares are trading. If I so choose I have anywhere up to three days before warrant expiry  to redeem the warrants. If the price of the shares dropped to 50 cents or any where below 98 cents any time before redemption I would buy the shares off the market, pay the commission, and and let the warrants expire. Do you not understand how this all works?
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