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Bullboard - Stock Discussion Forum Africa Energy Corp HPMCF


Primary Symbol: V.AFE

Africa Energy Corp. is a Canada-based oil and gas exploration company focused on South Africa. The Company owns approximately 49% of the common shares and 100% of the Class B shares in Main Street 1549 Proprietary Limited (Main Street 1549), which holds 10% participating interest in the Exploration Right for Block 11B/12B offshore the Republic of South Africa (Block 11B/12B). Block 11B/12B is... see more

Bullboard (TSXV:AFE)

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Comment by tadjames1on Feb 26, 2021 4:10pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:Surprised but puzzled...

Have you not taken the time to check the chart of this stock ? It has performed poorly in light of making 2 major discoveries. It just that simple, unfortunately. Making the top 50 means absolutely ...more  
Comment by tadjames1on Feb 26, 2021 1:19pm

RE:RE:RE:RE:RE:RE:RE:Surprised but puzzled...

Show me the value in the share price ? You keep talking about a much higher NAV but there is no change in the share price. Management is lazy and has made no attempt to get Canadian shareholders ...more  
Comment by tadjames1on Feb 22, 2021 10:36am

RE:RE:RE:RE:RE:RE:Surprised but puzzled...

I agree Hotdog. The pressure is really on Soden to show us the money. While we are waiting for him, we could have taken AFE dollars and spent them elsewhere. We were supposed drill 2B in Q1, then Q2 , ...more  
Comment by HotDog01on Feb 22, 2021 3:31am

RE:RE:RE:RE:RE:Surprised but puzzled...

The trouble is, Mush, the value per share now is no different to that of 4 years ago, when Block 2B was the main asset of the company.  In the intervening years AFE has landed a 10% interest in ...more  
Comment by tadjames1on Feb 21, 2021 10:26am

RE:RE:RE:Surprised but puzzled...

Not sure what you mean about the are good at minimizing dilution when they have 1.4 billion shares outstanding ! There could have been loans made from the Lundin Group and they could have tried to ...more  
Comment by tadjames1on Feb 20, 2021 6:34pm

RE:Surprised but puzzled...

I fully agree Hotdog. They haven't proven how great the company is yet as verified by the share price. They are sure good at issuing paper though !
Post by HotDog01on Feb 19, 2021 3:32am

Surprised but puzzled...

I was pleasantly surprised to see that our forthcoming Gazania well in Block 2B is rated by IHS Markit as one of 2021's High Impact wells, of which there are 6 or so in Africa and 38 in the entire ...more  
Comment by RHertigon Feb 07, 2021 3:56pm

RE:RE:RE:RE:RE:RE:RE:RE:RE:where did everybody go

I am just sitting back holding my shares for whatever happens next. It's boring but what can you do.
Comment by tadjames1on Jan 23, 2021 7:58pm

RE:RE:RE:RE:RE:RE:RE:where did everybody go

Obvious that efficiency is at higher rounds. I've been in this stock for years so I know at what levels they raised money at. The problem is that it never gained enough traction. The company now ...more  
Comment by tadjames1on Jan 23, 2021 2:26pm

RE:RE:RE:RE:RE:where did everybody go

What's your definition of high ? I first bought AFE when they had 250mm and I thought that was high. They said they would raise money in the most efficient manner possible which was doubling the ...more  
Comment by tadjames1on Jan 21, 2021 6:05pm

RE:RE:RE:where did everybody go

All the things you mention they should be doing have already been in their corporate presentation's. They don't have to pay anything for the drilling of 2B, that's why they gave up a good ...more  
Comment by sparticus777on Jan 21, 2021 3:07pm

RE:RE:where did everybody go

Well hopefully, Africa Energy management is busy behind the scenes as our share price languishes: -closing the Block 2B farmout to ensure drilling of Gazania (even if AEC needs to contribute cash, the ...more  
Comment by tadjames1on Jan 21, 2021 1:23pm

RE:where did everybody go

It's what they do best. I was looking at the Lundin Group website and all of their bragging was related to deals that were done over 10 years ago. As Janet Jackson said " What have you done ...more  
Post by skip3on Jan 21, 2021 11:57am

where did everybody go

guess people are getting fed up with the lundins dilution of there stocks there all going to end up like snm
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