Post by
Wynjoe on Aug 05, 2022 11:48am
Big gamble,but I'm in....
This play is like betting on the flip of a coin. If there's oil there's a pay off,if not your pretty sure this drops to at least $2.00. Recently I purchased below $4.00 and I am willing to take that gamble. I just hope they don't have another equity raise before the total 4 wells are drilled. With their legal issues and appeasing the Namibians I hope the checkbook do not become overdrawn. 51/49 gamble is my thinking in favour of reco,just because I believe there is oil somewhere in the kavango basin. Goodluck to all.
Comment by
Wynjoe on Aug 05, 2022 12:19pm
I have a stop loss set @$3.75 but I am smart enough to realize that if news come out before market open that this is a dry well,then my stoploss will not be filled but at a much lower price.
Comment by
simon19 on Aug 05, 2022 4:07pm
Get your story straight. Either you are in or out. Either it's a buy or a sell. Sheesh
Comment by
Wynjoe on Aug 05, 2022 6:18pm
My story has always been straight.Reco is a big gamble, and at times I have listed of reasons to sell and at times reasons to buy. This company is not a slam dunk,but at under $4.00 I'm rolling the dice. Reco has issues,more then one but they are drilling "now",and I like thier chances of striking oil.GOODLUCK.
Comment by
Ryjo1980 on Aug 05, 2022 6:40pm
Buy. It is a buy. I'm in. Gamble or not. I'm saying buy.