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Bullboard - Stock Discussion Forum 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... see more

TSXV:RECO - Post Discussion

Reconnaissance Energy (Africa) Ltd > Very Healthy Correction - BEFORE NEW HIGHS
View:
Post by Hiddensecrets on Dec 09, 2020 2:28pm

Very Healthy Correction - BEFORE NEW HIGHS

I really do not care about daily or weekly swings as these are noise in the long scope of things. 

What I care about is obtaining confirmation of a Petroleum System in Place.

As a poster pointed out, on shale potential alone, which is much harder, a successful test of these 3 holes would yield a fair market value of:

$ 69.85 USD per share, that is almost $ 100 per share Canadian.

There is way too much potential to want to daytrade around this one, too much danger of missing out the once in a lifetime opportunity to retire rich.

MPO
Comment by crude on Dec 09, 2020 6:25pm
KILL THE SHORTS- put your stock up for sale at $45 a share for 60 days - shorts have to borrow stock and they can not borrow stock under contract (for sale) this prevents this type of shorting. a lot of stops were taken out today ,so i do expect we may see $3.00 before close on friday besto' luck
Comment by GoldenEra on Dec 09, 2020 7:09pm
This post has been removed in accordance with Community Policy
Comment by crude on Dec 09, 2020 8:01pm
go long here - should be worth it !!!
Comment by madmax69 on Dec 09, 2020 8:07pm
I will have my bid in there at $1.80 right off the start tomorrow. Glad it tested this support sooner than later.
Comment by CanadaSparrow on Dec 09, 2020 8:28pm
My lot is on sale for $777. Any takers?
Comment by C6J6Dub6U on Dec 09, 2020 9:03pm
Correct me if I'm wrong but wouldn't that show a bunch of stocks trying to sell vs trying to buy regardless of price? I mean will that look like there's a mass sell off trying? Just wondering.. seems like what not to do... unless I have no idea...which I'm not ruling out too
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