Africa Oil Corp. T.AOI

I thought NCIB was to help Lundin's exit

[GripnRip]

their position in AOI

they are gone but NCIB is back...what for this time? Just mngmnt options?

IMO

[DAGUY]

If you listen to some of the meetings, everyone wants to improve shareholder value. One way is dividends and one way is NCIB. The big players in AOI don't seem to want dividends but with NCIB the stock value should go up with less stock out there.WIth everyone complaining about the share price they already have a dividend (which i think they could increase without really using too much extra

[firstworld]

If imrecall correctly they bought from 1.85 to 3.35. The buy back is tailored to swedes who have better tax situation capital gain vs div. AOI needs to save all cash thats why msasly 100M buy back spread out over 12 mths thay can stop at anytime and fund Orange basin

[Lonegaurdian19]

AOI trades at NPV oil in ground. So the buyback should be based on WTI, no more BS from management, pay a bigger dividend reduce dillution via RSU reduction. Their pay should be subject to new revenue brought on not using out cash to buy back "shares they consoder undervalued" below what it costs them to buy (options) if they think the shares are undervalued and believe in themselves