Replies to post #947 on Reconnaissance Energy Africa Ltd (RECAF)

[Amatuer17]

For me - the drilling results do not mean much at this point for SP

Reason - they have lease ownership of 8.5 million acres of land for drilling

If the JV partners sees value - we are going to see a deal in 3-4 months - this could push the market cap to $1 B and above which is $5 SP
Also they will not need to raise cash as JV will come with loads of money