up 35% this morning.
this is recaf’s mexican stepchild. they hold an option to buy 50% of recaf’s oil exploration rights in botswana.
if recaf hits oil and/or gas in namibia, chances are very good the extension of the same sedimentary basin in botswana also holds hydrocarbons, and that option becomes MUCH (orders of magnitude?) more valuable.
edit: 40% (!!!) heavy volume
edit: 69% (!!!)