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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 Sandpointon Jun 10, 2021 12:02pm
303 Views
Post# 33362777

RE:Warrants vs Stocks

RE:Warrants vs StocksInteresting question, thanks for it. I set up a simple spreadsheet to calculate, and I would suggest you do this for yourself. Do not rely on my numbers. But the bottom line is that with the current warrant price of $3.5 and the warrant stock price of $14, then I find that if the eventual stock price is $28 or less, you are better off buying stock. If you think it is going to be more than $28, than the warrants would be better. Currently the warrants are half the price of the stock, roughly. This break point price depends on the price of the warrant and the current price of the stock. But with todays value, $28 is the break point. This may be why the stock price is sort of plateaued. People may be more interested in the warrants. I think if they hit oil, then the stock price could easily go beyond $50. But do your own DD
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