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re: Could this be the next big play? (RECAF)

Posted on 7/9/21 at 5:57 pm to
Posted by Ballstein32
Member since May 2020
389 posts
Posted on 7/9/21 at 5:57 pm to
It took off a little the last hour or 2 of trading. Not sure the reason but I really think August and September will probably be pretty fun months if you hold on.

I'm in at $5.51 average with 500 shares. I really want to try to get up to 1k by the end of July.
Posted by beef42
Thy
Member since Feb 2009
826 posts
Posted on 7/9/21 at 10:47 pm to
Per share or your return?
Posted by Ballstein32
Member since May 2020
389 posts
Posted on 7/10/21 at 12:30 am to
Per share
Posted by beef42
Thy
Member since Feb 2009
826 posts
Posted on 7/10/21 at 11:23 am to
Just read it right. You want 1k shares
Posted by Ballstein32
Member since May 2020
389 posts
Posted on 7/10/21 at 12:10 pm to
Yeah, I probably could have worded it a little better.
This post was edited on 7/10/21 at 12:11 pm
Posted by StringedInstruments
Member since Oct 2013
19252 posts
Posted on 7/19/21 at 9:42 am to
How’s everyone feeling still about RECAF?

I bought in at 10/share. Seeing 7 bothers me a bit but I’m not heavily invested to need to worry if it tanks.
Posted by GREENHEAD22
Member since Nov 2009
19846 posts
Posted on 7/19/21 at 11:23 am to
I sold the majority at 8.20.
Posted by Ballstein32
Member since May 2020
389 posts
Posted on 7/20/21 at 1:56 am to
It's been on a steady decline since we hit the high a few weeks ago. It's definitely a crap shot.

I'm waiting until they release all the results from the test wells (they've drilled 2 of 3 as of now) and they're about to start 2D seismic readings and a whole mess of other shite they've started or about to start.

I've said it before but I think in August or maybe September it's gonna hit big (with verified huge oil reserves and commercially viable) or they're gonna find nothing and the stock tanks. My guess is this is a lottery ticket but I've been wrong before (RIDE) sooooooo.....your call.

But if it's no money that's not really needed right now why not just hold the stock for awhile and see what happens
Posted by StringedInstruments
Member since Oct 2013
19252 posts
Posted on 7/20/21 at 9:39 am to
quote:

But if it's no money that's not really needed right now why not just hold the stock for awhile and see what happens



That’s the plan.

Was also the plan with GME and well...
Posted by ColoradoAg03
Denver, CO
Member since Oct 2012
6291 posts
Posted on 7/21/21 at 2:39 pm to
This article last night could be the catalyst for today's big jump. Haven't seen any PR releases today.

OilPrice
Posted by Ballstein32
Member since May 2020
389 posts
Posted on 7/21/21 at 4:04 pm to
I found this interesting....

"Investors who have no background in geology might now be able to interpret this clearly, but for us, the most important breadcrumb is this: ReconAfrica would never fund the complex operation of running a VSP to tie these two wells together along the same seismic line if there wasn’t a potential for something big there—in both wells."


I'm definitely one with no background in oil and gas as well as drilling and seismic stuff, would yall in the industry agree with that statement?
Posted by Hogwallop
Member since Jul 2021
413 posts
Posted on 8/5/21 at 10:17 am to
Down 17% today, news?

I'm not in but been watching
Posted by Who_Dat_Tiger
Member since Nov 2015
19554 posts
Posted on 8/5/21 at 12:57 pm to
I bought the dip at 7.25 when I saw your post. Up to ~8 now. I’d been holding so averaged down. I don’t have a long position, just looking to get to 10 before selling.
Posted by Santiago_Dunbar
Atlanta, GA
Member since Feb 2021
240 posts
Posted on 8/5/21 at 2:18 pm to
This article is the most recent news I could find on it and it looks positive: ReconAfrica & NAMCOR Provide Additional Drilling Results and Plans for Next Exploration Phase in the Kavango Basin

Could be a lot of short action unless investors were expecting more out of that press release.
Posted by Hogwallop
Member since Jul 2021
413 posts
Posted on 8/9/21 at 9:24 am to
Down to 6 now. I've been wanting to get in but guess I'll keep waiting for lower entry.
Posted by GREENHEAD22
Member since Nov 2009
19846 posts
Posted on 8/9/21 at 9:46 am to
Conflicted on this because all along I have thought this was over bought.
Posted by jimjackandjose
Member since Jun 2011
6549 posts
Posted on 8/9/21 at 9:50 am to
Yea I bought in last week with a tight SL. Thought we see a bounce

Got hammered this morning.
Posted by ColoradoAg03
Denver, CO
Member since Oct 2012
6291 posts
Posted on 8/9/21 at 10:10 am to
Good buying opportunity today. Or will tomorrow be better?
Posted by Ballstein32
Member since May 2020
389 posts
Posted on 8/9/21 at 10:43 am to
LINK

If I'm reading that site correctly it shows recaf has 50% short interest. That's pretty dang high.
Posted by GREENHEAD22
Member since Nov 2009
19846 posts
Posted on 8/9/21 at 3:21 pm to
Yea I know they have been sounding the alarm of being under attack by shorts.
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