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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

Post by TenneseeOilon Jul 06, 2021 8:31am
223 Views
Post# 33497993

Expect the Unexpected! Happy to be Back

Expect the Unexpected! Happy to be BackI really enjoy this Company and Stock, Nice Job Canada! I don't have anything esoteric to say just wanted to mention that all digits are intact and I have survived another 4th of July. I have no idea what in the heck will happen today. I expect a gap down as always although I've become increasingly ok with that. Maybe its war or maybe its not.

Who the heck knows. I still think everyone should treat this as a speculative play with regards to their position sizes. (What I tell myself for not having a life changing position, more of a life improving position) I digress.

I still maintain the Short Position & Or Naked short position does and always will matter in terms of the share price and the ability to raise future capital, potentially capture some short term gains as I did break my asset % relative by a few percent. Usually I try my damndest to limit speculative companies to 2% of my holdings. I couldn't resist this taking this to 5%+ for while, "Definitely the degenarate Gambler me" 

All of the communications both positive and negative seem to have ratcheted up quite a bit and I feel like RECON is generally sticking to their talking points just providing some additional Color where some of the more Geologically inclined folks can read between the lines. 

Meanwhile the bearish or Short Narrative seems to have ratheted up a bit. The last time I checked in Frank seemed to be presenting himself as a rather amiable Shorter. Now based upon my subjective and unscientific approach it feels like Frank's comments have taken on a decidedly poisonous tone. Given that the back and forth between he and other posters is about what it has always been and the share price is pretty much where it has always been I've noticed for some reason the FAIM (Frank's Anger Index Model) Seems to have become decidedly more negative which is generally a long term bullish sign. 

Some good DD in other locations over the weekend, and of course the Granath Comments providing just a little more scientific color.

(The Usual, why didn't they do this and why haven't they done that Commentary everywhere) 

I'm ready to be a buyer depending on share Price and I'm very much looking forward to the conversion of Hundreds of thousands of RNSFF shares to RECAF... I think that will add some nice liquidity.  
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