RECAF pushing $10.
While I'm not pointing finger(s) here, I did buy RECAF a 6.5 based on this thread.
Current 5.48.
You will do well.
If you don't want to hold for 2 years, don't buy this stock. IMO, its a great 2 year hold. I'm up to almost 10k shares and holding until 2024 (or it busts lol) This year I think there will be a resource report and JV agreement and those should push the price up significantly, although I think some people have unrealistic expectations. My own estimations predict $15 per share per 1Billion barrels recoverable, assuming some very conservative oil pricing. and that is a long term evaluation, not a prediction of what the price will be immediately after announcement of resource report. Should be fun!
Brent Oil $/Barrel as of 5/4/2021 $50.00
Outstanding Shares as of 7/28/2021 215,000,000
Dilution percentage 0.10
Recoverable amount (bn barrels) NAMIBIA 2.90
Recoverable Amount (bn barrels) BOTSWANA 0.10
Project lifespan in years 25
NAMIBIA Production value before depreciation 145,000,000,000.00
Production Value less 10% stake Namibia 130,500,000,000.00
Namibia production value less 5% royalty 123,975,000,000.00
BOTSWANA Production value before depreciation 5,000,000,000.00
Botswana production less 10% max royalty 4,500,000,000.00
Cost per barrel overheads 25.00
Cost of production 75,000,000,000.00
Cost of production to be met by Namibia 7,250,000,000.00
Net Asset value before depreciation 60,725,000,000.00
Depreciation value over lifecycle 0.06
Actual Depreciated asset value 14,148,841,837.35
Less relevant corporate taxes 4,890,782,995.11
Net asset value after taxes (market cap) 9,258,058,842.24
Target Share Value $43.06
Current Share Value $5.80