RE:RE:RE:RE:RE:RE:RE:RE:RE:What would 10 billion recoverable barrels mean for Did you notice this part?
On Friday December 18, 2020, the price was $1.91
Today it closed at $9.42
The day you joined, you said “ I am by no means a basher, I own a few shares “
Good for you !
I guess you bought at or below $1.91
Well I bought before you.
I bought a few thousand shares and I paid 80 cents
That was a hefty price for me as I usually buy shares 10 cents or less
But I made an exception because of the management, their experience, and their reputations.
I also considered the fact that Namibia is a mining friendly country
and that they owned an entire Permian basin which extended into Botswana (at that time they owned half of the Botswana part)
At that time, I had the Botswana portion covered too, as I owned a ton of ROE shares that I bought for a few cents.
I later converted those ROE shares into RECO
So, I am fine with my RECO shares.
I have enough now and will just wait and watch.
I believe Teheran's price guess is just fine (maybe a little low LOL)
As usual time will tell
Not to rub salt into any wound, the bulk of my RECO shares are in a TSFA
That is the RISK I am prepared to take and NOT advice for anyone.
It does reflect my confifence in the management and the project
Enough said