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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 InvrsContrarianon Jun 25, 2021 12:53pm
98 Views
Post# 33450969

RE:RE:RE:Cutting my position

RE:RE:RE:Cutting my positionAin't no problem with taking profits, and definitely no problem in recouping original investment. What ifs and shouldas and couldas only lead to regret. What's that saying?... almost only counts in horseshoes and pregranacies? As in I almost doubled my money. GLTA. Have a good weekend it's gonna be a hot one!
g197040 wrote: It's a cushion.   But I don't really look at it like that.   At this point, that's my money.  If it drops, I've lost that money.  Regardless of what my initial cost was.    I'll take the 20x on half my shares and see what happens with the rest.   I defintiely think it has a high possibility (and maybe even probability) of making  more great runs.   

Over my life, I've had more regrets not taking proftis than cashing out too early.   Buy a long shot.

That being said, if it runs to $50...sure...I'll think "what if".  But I'll also have enough shares where it's not going to bother me too much.   

On the other hand, if it totally tanks and I didn't sell anything....I'll kick myself forever.


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