Reconnaissance Energy (Africa) Ltd V.RECO

All or nothing

[C6J6Dub6U]

Yup thats what its going to come down to. All or nothing. Either sp will be very good. Or very bad. Nothing in between

[CanadaSparrow]

I beg to disagree. We can with some certainty assume that the basement of the basin is where the survey said it is. Even if the we are sorely disappointed concerning the other conditions for a quality petroleum system, at least a substantial quantity of source rock should still be there. This means that  it is likely there will be at least some interest in further exploration, as well as

[harlanshawk61]

Brilliant analysis of downside risk, probably not zero, maybe $.75US.  With sill upside above $1.60 at a minimum.

[teheran10]

wow, you guys are talking yourselves into selling your positions and me buying your shares. Great scenario for me.  People, you can talk the same nonsense about any kind of company. Maybe, not really, all, nothing, next year, zero.  I say sell if you cannot stomach pressure and go away.  I bought more today for the disclaimer.  RECO IS SO WORTH RISKING FOR HUGE GAINS

[Burhaan]

What's your exposure to the stock like and how optimistic are you of a good fine? I've got very small exposure atm and the risk/reward ratio makes it really enticing to go in a bit bigger (I can afford to but need to fight the risk-averse nature).

[Burhaan]

Find*

[Elephants]

ditto :)