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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 SunnyRanchon Jun 08, 2021 7:27pm
212 Views
Post# 33352632

RE:wow....

RE:wow....I guess I'll take this one. Frank, it's a pleasure to meet you may I call you Franklin? Perfect... Franklin, I suspect that many of us will continue to buy shares. Some of us may have been too busy working to buy them today. Others have been working on their English others still have been working on their math. The math tells me that I even if I had an only ten percent chance at a 1,000 or 10,000% percent return on this play if should go for it. The most a short could make is 100% and the story does not seem to be going your way. Best of luck to you... Oh PS: everyone there are brokerages out there who will not lend your shares to shorters or will pay you half. I highly suggest you call your brokers, trading companies or search online for companies. Short and distort is drawing to an end either through legislation or good business practices. Franklin, if you can move the price down it's no skin off my nose but not all of the shares out there are allowed to be borrowed. I suspect if there really is a Large Naked Short play out there they are in for a bit of a surprise lol. Seriously people call your brokerage company find out of they allow your shares to be borrowed and switch! Setting your price through the roof does nothing to prevent them from being loaned out. It will however allow you to take profits if there is a short squeeze so if I were you I'd place a call and set the sale price for between $500 to $1,500 again they can still lend em but why not get rich when they have to buy em?
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