RE:Haywood Report Thanks curious; something finally readable but this mostly has been known over the last few days. Nothing by itself to push Recaf up 30% plus. Note Haywood's assessment: NEUTRAL! See below.
I think the shorties went in their pants on just some good news and panic bought to cover!
From Haywood's release yesterday:
Makandina 8-2 Well Drilling Update
Our Take: Neutral. ReconAfrica announced it has reached total depth (TD) of the Makandina 8-2 well on time and on budget. Work ahead includes well data collection and analysis that will be used to make subsequent appraisal/development decisions. The rig will remain on location until logging and coring operations are completed, with initial results anticipated around the end of September. Drill results are highly anticipated and confirmed success here will certainly give the Company and the market a boost of confidence.