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$RECONNAISSANCE ENERGY AFRICA LTD (RECAF.US)$ can anyone exp...

$RECONNAISSANCE ENERGY AFRICA LTD(RECAF.US)$ can anyone explain what has happened to the stock no reason for the fall out but price has dropped to almost nothing
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  • Byker31 : The first drill results didn't yield commercial grade oil, so people panic sold. I'm buying the dip

  • Dr Shib : It’s called shorters and no PR, but that’s all changed with the new CEO and new PR team. The oil is there guys and it’s a known fact, it’s light oil and the early assessment was 120 billion barrels of recoverable oil. No one said it would be easy. It’s been a long journey, but the infrastructure is coming along, the country’s regime change, but more importantly, they’re excited about the oil and are very supportive along with their people.
    There’s a big conference in the coming month, hopefully, the JV’s will begin to line up…. So, if you’re on the fence, I’d say get in now because the $.85 a share days are over! It’s 🚀🚀🚀🚀🚀🚀🚀🏦

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