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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

View:
Post by caliche on Feb 05, 2021 6:39pm

warrant volume

dropped off a ledge today, most exercised already?  

those expecting a drop on forcing may be disappointed 

but is it dips ill be in buying :)
Comment by NameOfTheGame on Feb 05, 2021 11:54pm
Considering its assets are unproven, I would say that large sum of money in the treasury only further derisks this play. 30 million in the bank is enough to fund a does ALOT of further exploration. They really have positioned themselves well and have managed the assets and finances with expertise.
Comment by NameOfTheGame on Feb 05, 2021 11:55pm
My apologies for the poor grammar. Speech to text obliterated what I was trying to say. I'm only half drunk.
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