Stock Report Eyes Silver, Oil, Tech Breakouts
Contributed Opinion

1. Reconnaissance Energy Africa Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000. 
2. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Reconnaissance Energy Africa Ltd.
3. Ron Struthers: I, or members of my immediate household or family, own securities of: Reconnaissance Energy Africa Ltd. and Go Gold. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.
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Struthers Resource Stock Report Disclosures

All forecasts and recommendations are based on opinion. Markets change direction with consensus beliefs, which may change at any time and without notice. The author/publisher of this publication has taken every precaution to provide the most accurate information possible. The information & data were obtained from sources believed to be reliable, but because the information & data source are beyond the author's control, no representation or guarantee is made that it is complete or accurate. The reader accepts information on the condition that errors or omissions shall not be made the basis for any claim, demand or cause for action. Because of the ever-changing nature of information & statistics the author/publisher strongly encourages the reader to communicate directly with the company and/or with their personal investment adviser to obtain up to date information. Past results are not necessarily indicative of future results. Any statements non-factual in nature constitute only current opinions, which are subject to change. The author/publisher may or may not have a position in the securities and/or options relating thereto, & may make purchases and/or sales of these securities relating thereto from time to time in the open market or otherwise. Neither the information, nor opinions expressed, shall be construed as a solicitation to buy or sell any stock, futures or options contract mentioned herein. The author/publisher of this letter is not a qualified financial adviser & is not acting as such in this publication.

Destiny Tech100 Inc. 

^{Recent Price- US$39.50}

^{Entry Price - US$40.50}

^{Opinion – Buy and write September US$50 calls at US$13 or better}

Destiny Tech100 Inc.'s (DXYZ:NYSE) Friday market sell-off gave us a nice entry level to buy Destiny.

My Destiny newsletter went out around 11 am, and the stock soon started heading south to under US$40 by 11:30, and it traded around US$39.30 to US$40.30 all afternoon until a late-day rally started around 3.30 pm and closed at US$41.79.

I am picking US$40.50 as the entry price.

GoGold Resources 

^{Recent Price - CA$3.41}

^{Entry Price - CA$2.80}

^{Opinion - Buy}

Today GoGold Resources Inc. (GGD:TSX; GLGDF:OTCQX) announced huge news: the Mexican Federal Environmental Department ("SEMARNAT") has granted all permits and approvals required from SEMARNAT to construct the Los Ricos South ("LRS") bulk tonnage underground mine (the "Project") located in Jalisco State, Mexico.

The company's board of directors has approved a construction decision to begin construction of the Project, which is anticipated to take 24 months from commencement until first pour.

"We are deeply grateful and committed to Mexico and the people of Jalisco for their partnership and trust as we advance this project, and we remain fully committed to creating long-term value for the country and its communities," said Brad Langille, President and CEO. "This achievement reflects our shared commitment to responsible resource development that prioritizes environmental stewardship and community benefit. We are excited to move forward and look forward to beginning construction while continuing to work closely with all stakeholders."

What is more important is that GoGold can finance the construction with cash on hand.

On May 6, GoGold had record financial results for the quarter ending March 31, 2026.

Highlights for the quarter ending March 31, 2026:

• Record operating cash flow of US$21.2 million, including Parral free cash flow of US$14.6 million;
• Cash of US$262.2 million;
• Revenue of US$30.3 million on the sale of 383,695 SEOs at an average realized price per ounce of US$79.04;
• Net income of US$16.4 million;
• Production of 394,605 SEOs, consisting of 230,680 silver ounces, 2,549 gold ounces, 84 tonnes of copper, and 93 tonnes of zinc.

To be clearer, in the Q1 report, Brad Langille, president and chief executive officer, said, "We ended the quarter with $262-million in cash, which, along with our cash flow from Parral, exceeds the initial capital expenditure of US$227 million for Los Ricos South based on the feasibility study."

As I commented before, we don't need higher gold and silver prices to make good gains with our mining stocks. I expect the stock to still trade with the gold and silver market, but watch for a close above CA$3.75 to signal a breakout

Recon Africa 

^{Recent Price - CA$1.15}

^{Entry Price - CA$0.56}

^{Opinion – Strong Buy}

Potentially enormous news on the horizon as Reconnaissance Energy Africa Ltd. (RECO:TSXV; RECAF:OTCQX; 0XD:FSE) announced that it had commenced production testing operations at Kavango West 1X ("KW1X").

Highlights of the Production Test on Kavango Discovery:

• Total of six optimized intervals, encompassing 420 m (1,378 ft.) of hydrocarbon-bearing section to be isolated and tested across the Huttenburg and Elandshoek formations.
• Huttenburg Formation
  • 75 m (246 ft.) of net hydrocarbon pay to be tested.
  • 400 m (1,312 ft.) gross interval of high fractured carbonate reservoir.

Elandshoek Formation

• 560 m (1,837 ft.) of hydrocarbon saturated section in highly fractured carbonate reservoirs.
• 81 m (265 ft.) of hydrocarbon fluorescence and oil shows.
• Oil sheen and oil bubbles at surface in the mud pits.

As I commented in a previous update, oil companies operating offshore Namibia have witnessed commercial discoveries from just one pay zone and with more narrow intervals.

I believe the odds are very high for a commercial discovery, and the company is overdue for some good luck. An oil stock at this point would usually move up on speculation of a discovery, but because of past poor results on exploration wells, the market is expected to have bad results as before.

However, ReconAfrica has followed a disciplined exploration approach and is due for success, and just needs success on one of six zones

ReconAfrica continues to target disclosure of production test results to all stakeholders by late July.

As previously stated, plans are to test six optimized zones of interest (three in the lower Elandshoek formation and three in the shallower Huttenburg formation), with each zone test lasting up to 10 days. Any flow of natural gas or liquids to surface will be flared at this testing stage.

There are some investors watching this area by satellite, and any sign of a flare, burning off oil or gas, and the stock is going to jump.

A close above CA$1.40 would be a sign of a breakout.