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Bullboard - Stock Discussion Forum Reconnaissance Energy (Africa) Ltd V.RECO

Alternate Symbol(s):  RECAF | V.RECO.WT | RCNWF

Energy Metals & Mining Oil & Gas E&P Industrial Metals & Minerals
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 > RECO offer undervalues ROE by %50
View:
Post by doggiestyle on Apr 26, 2021 12:40pm

RECO offer undervalues ROE by %50

 
 
Based simply on total acreage - The deal should have been priced at .069 not at .046
Comment by Tarheel89 on Apr 26, 2021 12:56pm
Recaf never should have given them the option in Botswana in the first place.
Comment by Ebenizer3 on Apr 26, 2021 1:14pm
ur misinformed. Steinke has been sitting this up along. If ur mad at what happened in Mexico put on ur bullet proof vest and go talk to amlo, I would give u a 1in 5 chance to make it out alive. Good luck. https://resourceworld.com/reconnaissance-energy-africa-granted-botswana-petroleum-licence/
Comment by doggiestyle on Apr 26, 2021 1:21pm
Makes no difference how anyone feels about what was done in the past. As of right now - RECO is getting ROE at a great price!!
Comment by scatman on Apr 26, 2021 7:21pm
I'd argue the opposite. It undervalues RECO's shares now that we have a system.
Reconnaissance Energy (Africa) Ltd
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