Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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

Reconnaissance Energy (Africa) Ltd > Why the negative spin
View:
Post by Chandler027 on Apr 21, 2021 10:42pm

Why the negative spin

Since the farm-out to ROE, it was only a matter of time for the Merger to be announced. It is a win/ win for both companies. They're stronger together when it comes to deals offered in the future instead of letting someone in for cheaply buying out ROE. Remember RECO has a 52 week low of $0.26. We're going to have ppl profit taking as sp goes up or trades side ways for some days. Not that it matters however, my target price is $50 - $100. Its a marathon not a sprint. GLTA (no matter what you choose to do).
Comment by veryfishy on Apr 21, 2021 11:03pm
Your RECO board and ROE board were ordered  to create the conditions of  a lay up for Mr Steinke $100,000 to $1.3 million in 2 months and then in 9 months  to $18,6 million with  the pound of  flesh being a   15% dilution to RECO shareholders. The RECO board did not protect non insider RECO shareholders. This is the biggest RED FLAG -- RECO directors are proven ...more  
Comment by GorgeousGeorge1 on Apr 22, 2021 12:01am
Agree, this deal seems deeply in favour of Rennaisance shareholders, and more specifically Steinke as a majority shareholder. This outcome was sealed as soon as they got the 50% option for peanuts, very well played by management after the mess in Mexico. Worth considering though, it's all worthless if there's no oil recoverable at Kavango. Look for insider selling, it will be your best ...more  
Comment by veryfishy on Apr 22, 2021 4:07am
So what have you seen in recent insider tarding?
Comment by CoreyB on Apr 22, 2021 12:19pm
You do realize that your "death of 1000 cuts" claim comes after a meteoric rise in stock price from 26 cents a year ago to over $10 a week ago?  You officially are a fking idiot verging on libelous statements which I hope have been reported to the companies in question and extra hope that they take your loser a$$ to the cleaners. 
Comment by veryfishy on Apr 22, 2021 12:47pm
To prove a libel, statements have to be untrue. All the facts and statements made are directly from   press releases of RECO and ROE ad SEDAR FILINGS. Everything that has been done by RECO/ROE is legal. But  it is also unethical. RECO even has a Chief Compliance Officer whose background is top tier, and the Chairman of Board of RECO is a Queen's Counsel. Both they cannot ...more  
Comment by doggiestyle on Apr 22, 2021 12:52pm
Hahahahahahah You must wake and bake
Comment by AceBigelow on Apr 22, 2021 1:07pm
@VeryFishy,actually, I have caught you saying two untrue things the last 2 days.  One goes to the very essence of your claim about the RECO/ROE merger.  You stated the RECO board gave Steinke a farm out for 100K and rubber stamped him getting a payout.  That is demonstrably false.  In fact, Steinke began the negotiating of the Botswana lease before Recon Africa was even a ...more  
Comment by veryfishy on Apr 22, 2021 1:20pm
Good for you. That will assure the Directors resign and the Chief Complliance Officer. Of course the lands were leased. Mr Steinke is an insider of RECO owns more than 10% but not a director. As the founder of RECO and President from 2010 to 2020 he worked  great magic for the company. But on an ethical basis ESG - the G at RECO is a red flag, and the LOI is proof of that, Expect the ...more  
Comment by veryfishy on Apr 22, 2021 1:29pm
What is the "RA" team? I have a report being published tonight and I must put the RA team on my email list.
Comment by doggiestyle on Apr 22, 2021 1:34pm
Just put this clown on ignore. Very easy - right click on veryfishy and hit ignore
Comment by CoreyB on Apr 22, 2021 6:39pm
Then man up and report to the proper authorities instead of being an anonymous little b!tch on a sub-par bullboard spewing your trash.  You calling their activities illegal and unethical, so put your reputation where your mouth is and report what you claim is oh-so-wrong about these characters.  Until then you are just a bashing piece of sh!t looking to weasel cheap shares out of retail ...more  
Comment by Chas15 on Apr 22, 2021 6:44pm
Just ignore him. I did it the second he started posting here after just creating his fifth or sixth new account on this hack website. I love seeing the bashers crawl out of their holes to post, though, they did it after RECO touched $5 in February, and then proceeded to bash all the way down throughout March and beginning of April. Rinse and repeat, next leg up will be larger and so on. They will ...more  
Comment by veryfishy on Apr 22, 2021 8:05pm
Potty  mouth Corey B needs to calm dowm and stop wetting himself on line.  RECO stock is down in a healthy caorrection, as you might notice so is   the market with Biden and his caipital gains tax socialism.  .The US stock market is due for a 10%-15% correction anyway,  nothing to  do with RECO, but there will be many future opportunities to aveage down and ride ...more  
Comment by CoreyB on Apr 23, 2021 11:01am
So now it is a healthy correction?  You have been screaming that it wasn't a correction but death by 1000 cuts, proof in the downward slide of the stock from its high.  Ya think a run of 4000% was due for a pullback?  Fking Einstein we have on our hands here, boys and girls, modern day Nostradamus!  Go back to the pond from which you oozed, most likely the local sewage ...more  
Comment by teheran10 on Apr 23, 2021 11:07am
Stinky told us he was going to short and he did and he covered. Now he will be pumping the hell out of it, just watch another allias coming up, beside several others that he has, and glorify RECO. Oh well. 
Comment by CoreyB on Apr 23, 2021 12:38pm
Yeah I get a kick out of an account that has sat idle for 4 years and suddenly jumps in bashing hte hell out of a stock based on outright lies and misinformation, then spins on a dime speaking out the other side of his face.  Comical and sadly typical for such sleazebags.
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities
USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse