Africa Oil Corp. T.AOI

New dividend, corporate loan and buy reiteration

[Bizter]

Good news today - $37,5 millon dividend, cheaper corporate loan replacing the usury facility and a buy reiteration from Renaissance, see https://www.facebook.com/groups/1406968422792469/posts/1955278557961450/

[GoldfingerU3O8]

The company kept their promise and the future looks bright (in my humble opinion). This is already a Cash generating engine. If the other projects come to fruition (Kenya, Venus, South Africa), I'll expect EPS > 1 Dollar. This could be one of the best performing stocks in this sector the next 4 years. 

[DAGUY]

We are still waiting on the RBL loan to be refinanced or changed. Hoping to get that info soon. Q2 numbers out shortly.. 

[manuel06]

thanks to; scarbender: IHUB News Release Issued: Aug 2, 2021 (1:00am EDT) Africa Oil Announces the Receipt of Prime Dividend, the Upsizing and Completion of its Corporate Loan Refinance VANCOUVER, BC, Aug. 2, 2021 /CNW/ - (TSX: AOI) (Nasdaq-Stockholm: AOI) – Africa Oil Corp. ("AOI", "Africa Oil" or "the Company") is pleased to announce that it has received a

[papaloapan]

Correct, and clarification of terms will provide insight on future financial flexibility - I am thinking about an acquisition.  I suspect the most recent dividend may not have been so quick if these discussions were not well advanced.