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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 SprengoMon Apr 22, 2021 4:53am
190 Views
Post# 33042903

RE:RE:RE:RECO HAS LOST $500 MILLION IN MKT CAP SINCE MERGER ANNOUNCED

RE:RE:RE:RECO HAS LOST $500 MILLION IN MKT CAP SINCE MERGER ANNOUNCED

You reason in very strange ways.
Investors that bought at 10.20CAD were not "skrewed" by management but rather by their own greed. They probably were trying to make a quick buck on the enormous volatility in small-cap stocks during price discovery on trading days after news is released. Some win and some lose, but those that invest were already in at or below 4CAD after thorough DD or will get in the coming weeks now that the project has been derisked and the market has found a price.

Anyhow, you have made your point that there is still risk to this stock and everyone should be aware, so perhaps you should move and make better use of your time.

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