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Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | RCNWF | V.RECO.WT

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 CammerRecon Aug 25, 2021 5:12pm
323 Views
Post# 33765188

Fingers in our Recaf pie? Chicago’s Al Capone of short sellg

Fingers in our Recaf pie? Chicago’s Al Capone of short sellg

Disclaimer; First of all I don't know this gentleman or his ops and I have no independent verification of what I have found through the media and on the internet. 

But it appears that a Mr. Ken Griffin's Citidel Securities was mucking around in our little Recaf pond making big waves today (08/25/21).

His  ops appear to be the short selling version of Chicago's infamous Al Capone who dominated and controlled the illegal liquor market in the US in the 20's and 30's. Ok Mr. Griffin's ops don't use machine guns and appear to be legal if not morally correct.

They are presented as "market makers" which in the old days, like the 60's, were commonly referred to as "market manipulators", "vultures", etc. and some of them actually took pride in those designations. But in our kinder, more polite, more sensitive era they are referred to as "makers". As the old saying goes "you can put lipstick on a pig but it is still a pig". 

He appears  to be an enigma like Stanley Drickenmiller who started out with a Philadelphia hot dog stand, and became one of the most successful and generous investors of all time, now down to last 6 Bullion. By comparison Mr. Griffin is worth a whopping 12 billion. Who says short selling and "market making" does not pay!

But at the end of the day what is his op, CDEL. doing buying at least one block of Recaf of 45,000 shares?

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