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NAMCOR has, and has had access to all insider information. seismic, drill logs, mud logs - everything. now they want shares.
this strongly suggests that they believe the share price will advance more, or faster (or both) than the value of their ten percent interest.
this is BULLISH for the SHARE PRICE !!!
repost from another forum:
TheHornedBull
44m
$RECAF
I just read the most recent Opinion Letter from Goehring & Rozencwajg, "Running Out of Spare Capacity".
I like their analyses, because it supports my laymen's thoughts, ideas and GUT Feelings about being personally heavily invested in O&G these days. Below are the last two paragraphs of a 10 min read.
Twelve months ago, few people listened when we predicted an energy crisis was imminent. Now, our models suggest that we could be entering a new period in the history of oil – a period without any excess global pumping capability. The ramifications could be huge. Investors today have hardly any exposure to oil producing companies at all. After having averaged 10-15% of the S&P 500 for decades (and reaching a maximum of 30%), energy stocks today stand at less than 3% of index.
Just as few investors saw the energy crisis, fewer believe an oil crisis is looming. Position yourselves accordingly.
bid/ask on the canadian markets is up almost a buck from friday's close.
short squeeze lurking just offstage? margin calls for shorts?
will we get a whale entering the market?
it looks like an interesting day shaping up.
fasten your seatbelts and assure yourselves that your seats are in an upright position.
it looks like the company's biggest problem now is deciding which cherry to pick first.
a very high quality problem !!!
OIL PRICES RISING
w.t.i. (west texas intermediate) crude just moved above
$80.00 / bbl.
recaf expects to be selling oil by late next year.
what price then ???
three steps forward, one step back...
i like the beat of that dance.
IS THIS BOARD DEAD, OR JUST DYING???
very low volume...
=nobody's selling...
=shorts are TRAPPED!
- it couldn't happen to a more deserving pack of sleazebags.
RECENT INSIDER SELLING
it appears that most (possibly all) of the recent insider sales are linked to canadian taxation issues arising out of the renaissance/reconnaissance merger.
it's a nothingburger, a tempest in a teapot. (but good grist for the shorters' misinformation mill)
"Curiouser and curiouser," said alice.
https://www.msn.com/en-us/news/politics/us-removes-advanced-missile-defense-system-from-saudi-arabia-ap/ar-AAOkMEQ?ocid=msedgntp
are they starting to wind down the petrodollar system?
some other explanation?
wtf? over.
DEDICATED TO ALL SHORTS EVERYWHERE !!!
randy newman's classic "short people"
B. T. F. D!
SCATTERED REPORTS...
...of monday morning pre-market action ~ substantial volume, very little price change.
this may be no more than data from the roe/rnsff conversion shares working their way through the reporting software.
AN INTERESTING SCENARIO:
a) monday is a holiday in canada, tsx will be closed. u.s. markets will be open
b) company issues good news on sunday evening.
c) RECAF makes a massive rally in u. s. markets monday.
d) large (rumored) RECO.V shorts in canada sit aghast, watching their screens, unable to trade, contemplating bankruptcy... requesting visas to jurisdictions without extradition treaties...
news coming out this weekend???
i'm guessing/hoping late sunday evening = sunrise in windhoek.
we won't know until we see it. or don't.
IT'S ALMOST EMBARRASSING !!!
i'm not making as much per month from recaf as hunter biden did from burisma, but i'm getting closer !!!
LIMERICK
There was a young man named James.
He held all his RECAF gains.
He'll be rich as f*ck, and buy a new truck,
...and then maybe even a plane.
i suspect this is to raise money to EXPAND the drilling/exploration program.
buy a second rig?
a rig capable of deeper than 12,000'?
a rig for drilling in botswana?
more seismic?
all of the above?
none of the above?
some combination?
other?
today marks a four bagger for me. is there another ten bagger in it in the next six months??
FIVE FIFTY IS "THE NEW THREE."
two steps forward, one step back. i like this kind of dance.
TURN UP THE MUSIC !!!
ANOTHER GREAT DAY FOR RECAF ...BUT...
our little mexican stepchild, RNSFF,
had TWICE THE PERCENTAGE GAINS !!!
WAY TO GO, AMIGOS !!!
!! SUNRISE IN NAMIBIA !!
U. S. markets will be closed tomorrow (monday 15 feb) but canada will be open.
this is the twenty day over cad 3.00 threshold !! we can expect a news release from the company re accelerating the expiry of the warrants any time from now forward...
recaf will be flush with cash for an extended drilling program.
bear in mind that recaf is an oil exploration company, not an oil production company. (yet)
i just placed a market buy at the open order in each of my three accounts for one share of AG each. the rest of my shares are covered by a limit sell order for $177.60 GTC.
the same minute, 12:48, wpm, fsm, exk, and hl hit similar low points. at 12:49 the silver spot price (minute chart) at netdania also bottomed.
did somebody ring a bell???
the timing usually isn't so precise.
"curiouser and curiouser," said alice.
whoever said ag would run at 1;00 PM, missed it by twelve minutes. the chart looks like the low point was 12:48, and up gradually from there.
i like the way you think, but it may not be realistic.
the company has stated that they will wait until the first three wells have been drilled, the data collected and analysed and THEN release it. this is to gain leverage in the next phase - negotiations for farm - outs, jv's etc.
there may be interim news releases, but they will not be major news. they will be things such as the completion of the first well and the moving of the rig to the site of the second well.
there will be major news, but i don't think we can expect it in the near term. my guess is several months - may? june?
added a little more here @$3.08
buy the dips, sell half on the rallies, let the other half ride.
FRANKFURT -
RECONNAISSANCE BREAKS 3.00 IN EUROS
https://markets.ft.com/data/equities/tearsheet/summary?s=0XD:FRA
mainstream business media begining to notice this.
https://www.bloomberg.com/press-releases/2021-01-15/big-oil-missed-this-now-it-could-be-worth-billions
this will likely draw interest from more investors. possibly some institutionals (mutual funds, etc). this, in turn is likely to help drive the price upward.
!!! WOWZA !!! RECAF DID IT AGAIN !!!
UP 20.2%
SIXTY TWO STEPS FORWARD, ONE STEP BACK?
I LIKE THAT KIND OF DANCE.
LETS DO IT SOME MORE!!!
next week, hindsight really will be 20-20.
!!! BTFD !!! BTFD !!!
buy the freakin' dip !!!
!!! BTFD !!!
BUY THE F****'N DIP !!
thursday, 24 december... UP 49% !!!
***************
holiday weekend
***************
monday, 28 december... UP 43% !!!
THAT'S A BULL-GOOSE BREAKOUT !!!
we may not be too early any more!
picked up a few thousand more to top off the tank for the rocket ride.
merry christmas!!!
I LIKE IT!!
I LOVE IT!!
I WANT SOME MORE OF IT!!
WALVIS BAY PORT AREA: stock image from bingmaps
https://www.bing.com/maps?osid=1306f6ba-6d30-42f0-b27a-98860d99a7e4&cp=-22.94947~14.492735&lvl=16&style=h&v=2&sV=2&form=S00027