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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

Reconnaissance Energy (Africa) Ltd > Class action lawsuits and no proven oil....
View:
Post by Wynjoe on Feb 15, 2022 12:54pm

Class action lawsuits and no proven oil....

With private placement unconfirmed, and class actions ongoing..should I buy????of course not!!! Do they know how to drill?Do they know where to drill?Can they draw conclusions of what they drilled?Not Yet.Almost one and a half Billion Dollars market cap, with a "B"folks and only $40 million dollars on hand if pp goes through.Are roads to future well sites in place?Will 40 million drill 2 wells,?Are environmental studies done?Are they looking after their pennies?or is this a spending spree gone wild?Just asking.With a yearly low of $2.17 what has brought us to $6.35. SELLING ANYBODY????
Comment by C1v1k6 on Feb 15, 2022 2:20pm
Why are you still here ?
Comment by pacer001 on Feb 15, 2022 2:58pm
Wyn, what is wrong with you? This is not a Shell and Recaf never said they were. Exploration is a risky expensive business as we long timers have known.  Recaf must be looked at as a lottery ticket with the chance for a really big playoff. Most investors here know and understand that and only have "fun money" in Recaf. So if you think you will scare us off you are sadly mistaken.
Comment by CoreyB on Feb 16, 2022 12:09pm
Wyn(er) is just pissy that he wasn't in at sub-$2 like many others, he is probably a sad sack that tried to jump on the rocket as it hit $12 a while back and now he is clutching a 50% loss suckling his thumb and throwing constant tantrums over his ill-timed decisions.  He was hoping for a lottery win and just made the worst timed trade of his life.  Hold on little buddy, it's ...more  
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