Reconnaissance Energy (Africa) Ltd V.RECO

RECO-ROE MERGER: A DEATH BY A THOUSAND CUTS

[veryfishy]

RECO-ROE
The market is saying every  day since the merger announcement it's a non-starter.
ROE closed at a market cap of 113 million  vs the $155 million valuation in the merger deal - 35% discount
.

[veryfishy]

(2) On the share exchange ratio: 7.64 X ,046 = 35 cents ROE closed at .31  -- 15% discount - widening every day.  Death of the merger  by a thousance cuts. ROE  will collapse in a slow motion until the merger is officially  abandoned, then it goes back to  7 cents.

[peterj99]

How is it that you claim so to know so much about RECO and are ignorant when it comes to investing as shown by your stupidity by putting a risky stock in an RRSP RRSPs are tax deferred funds. You will pay taxes when you withdraw They become income. Also inside an RRSP their is no TAX LOSS provision if the risky investment fails. and had you invested outside of your RRSP, your capital gains would

[veryfishy]

No need to worry  about my tax planning. My being a CFA and having KPMG advising me on tax and estate  planning work very well for me. Wipe your tears for me and protect your capital in RECO and ROE byreducing your cost to zero.

[GorgeousGeorge1]

Slow your roll there champ, you're obviously new here. High risk high reward means high volatility during price discovery. This stock has just moved from ~$3 to $7-8. If you can't stomach it, as expected by a CFA(?), then go back to treasuries and index funds. It looks to be forming support at around the 7.50 level, as seen on the chart, volume dropped off so selling pressure easing and

[veryfishy]

As I have said before, my experience is that  being emotional and rude imakes for a very poor investor.

[GorgeousGeorge1]

I agree, that's the greatest challenge of discretionary investing, leaving emotional and cognitive bias at the door. Focus on facts. Polarisation is equally dangerous