Reconnaissance Energy (Africa) Ltd V.RECO

A Must Listen

[werROBINHOOD]

with Scott Evans 22:45 mark is what people need the hear. Scott speaks with a lot of authority and very definitive language. The whole interview is good but what everyone needs to refresh themselves with is near the end at that 22:45 mark.

Btw was listening to a program on the, for lack of a better term, the social media trading that's gaining strength and popularity. It's really starting to affect the trading when applied to individual companies. They are trying to figure out how to regulate these trades from ganging up and forcing the trade to go one way or another. In my mind I say good luck as it's nothing more than a massive investor group communcating over social media. How do you regulate that? The other issue is for example; one guy can own a massive position but clearly he needs to be careful when there is a lot on the line. 5,000 + millennials with only 500 shares each don't have much to lose individually so the risk profile of each participant is pretty much nill but the group as a whole has massive influence yet completely fearless.  GameStop, a dying company, was halted twice on Friday with a massive 70% uptick due to a short squeeze. Not sure how they can regulate this kind of behavior as there is nothing wrong with a group of investors coming together to play a trade.  One guy with 2.5 million shares or 5,000 with 500 each same thing. Anyways take a listen you will enjoy. 

https://youtu.be/jyS59jgMgiU

[werROBINHOOD]

They really need an edit window hahahaha.  Sorry guys it's the 22:45 mark that's the juice for most ears. 

[werROBINHOOD]

Another comment I would like to make is from reading people's posts. There is a huge amount of misunderstanding or just a general lack of knowledge on this board. Not being an ahole but my goodness I read people putting in their life savings on a play they either don't research or they don't know how to interpret the info. Soooooo much misunderstanding. Even with the intentional bs the

[werROBINHOOD]

Not an oil expert but am an expert at research. From one oil contact in Calagary, a UofC drinking buddy, the majors would be horrified if RECO hit a gusher. They want those events for themselves. The sweet spot for them is to let the juniors prove up the geology and then they step in and use their expertise to decided where to drill to hit oil. If the company actually hit a resivoir accidentally

[Yolostar]

U are right, and that's why RECO will try their best to keep their findings to themselves until are 3 wells are drilled.... a win / win for investors on the "reward" side....technically a win on the risk side as well beacuse the longer we go without news or results, the higher the SP should climb....3, 4, or 5$ is still relatively cheap to take a smally flyer on ....and 2 to 5 mill

[werROBINHOOD]

Scott Evans contact list is extensive and no doubt he has his preference as to who comes to the table as long as the money is the same so no doubt some informal chats over cocktails have already taken place. 

[scatman]

Your logic implies that the majors have some sort of advantage technically. Everybody on Reco's team is from a major and in fact would be the very same people watching if they weren't involved with Reco. So that leaves only a cash advantage but Reco has that too. $33MM from Warrants.