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

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

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 > Flags and Ducks and Falsehoods
View:
Post by geomanx02 on Aug 16, 2021 4:43pm

Flags and Ducks and Falsehoods

There are far too many red flags popping up on this deal.

The cratering share price indicates RECAF investors see the writing on the wall...... the preliminary estimates of basin depths and potential reserves are far from factual.  

Just remember, if it looks like a duck, walks like a duck and quacks like a duct?     You guessed it....yes, it's probably a duck.
Comment by teheran10 on Aug 16, 2021 5:12pm
Get lost you tard  same league as strod 
Comment by Buyhigheatchips on Aug 16, 2021 5:52pm
Your post gets a red flag that's about it. 
Comment by Lund2007 on Aug 16, 2021 6:11pm
Wow!!! That saying is so old...
Comment by fredo1 on Aug 16, 2021 9:55pm
Dear Geo, investors do not see the writing on the wall. Traders Sold the stock as soon as it became clear that there would be no value enhancing info for several months.i sold even though well off the highs and am now slowly buying back a position. I like the way the company is pursuing the POSSIBILITY that there is flowing oil in this basin. At $1.2 bill mkt cap, it is pretty expensive for a spec ...more