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
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.