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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

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Post by Hotshot85 on Jul 02, 2021 10:34am

Shorts

It is going to be interesting to see what happens over the next 2 weeks of trading. This addition of a shorts mimics what happened before the surprise results from the 6-2 that caught the shorts by surprise. 

the question will be, will these positions get covered prior to news....... if so you will see some upward pressure. That said, if reco announces any sort of good results that are also verified by an independent source, this thing could fly. You would have positive news, and shorts scrambling to cover or being margin called as the price rises. 

I'm going to be an anxious mess for the next two weeks.

Comment by AnMar on Jul 02, 2021 11:40am
I agree, I read it the same way you describe below.
Comment by Moneycat on Jul 02, 2021 12:03pm
I believe the AMC they mention  is the american company with movie theaters  !!!
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