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

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

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 > Checked the African wires but ...
View:
Post by CammerRec on Aug 25, 2021 3:13pm

Checked the African wires but ...

... nothing jumps out to explain the Recaf surge.

Yup South Africa has restated their economic results significantly higher but as a long time investor in African stocks such as SDSW  - this is nothing new. And their news media is heavily slanted to reporting tales of personal woes versus business successes.

Comment by Alvret on Aug 25, 2021 3:34pm
It's a classic short squeeze, the stock has been shorted for almost a month and now a core group of retail investors communicating on Reddit are enhancing their positions at what they believe are good discount prices and forcing the shorts to pay more and more.
Comment by CammerRec on Aug 25, 2021 5:17pm
So far Alvrey, I agree. Shorties across the board are getting squeezed. See previous posting of late news story on this all. 
Reconnaissance Energy (Africa) Ltd
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