Reconnaissance Energy (Africa) Ltd V.RECO

Position?

[Burhaan]

First post on the board. How optimistic are we feeling here on the stock (any info on current exploration developments that I may have missed) ? I am typically just an index and blue chip guy but I do dedicate a portion of my portfolio to higher risk stock and have some appetite for risk. My cousin who's a geologist here in South Africa introduced me to the stock and the risk/reward ratio seems insane (if it pans out even those with relatively minor holdings will be sitting good). GLTA

[harlanshawk61]

I am a like type investor, as I guess are many new to recaf and this posting board, the prospect of 20x of an early december $1.50 US PS on completion of wells is here, plus anoother 5x to 100x at appraisal is more than my greed could withstand.  From NW Washington state, 80 miles south of Vancouvewr BC, the names who have hyped/joined this venture are formidable.  God willing a $10,000

[Burhaan]

Haha... Wishful thinking but If we're anywhere close to that 10 years from now many millionaires will be made right here and I'll be sitting in the Bahamas.

[crude]

Not hard to sort out- anyone holding warrants does not want to let them go @ $3 before results are in best o' luck

[Elephants]

Probaly some little ups and downs until drilling starts next week. Once drilling starts the shorts will move on to something else as the risk will be too high for them. Then it's a question of how many people hear about the stock. The more the higher the price. A CDN$3-$5 is realistic before results. If positive, the skys the limit on the share price. I'm sure your geologist cousin will

[jaybsin]

Would their risk not be the same as one that is long?  Chart Goes both ways