Africa Oil Corp. T.AOI

Where Is the Board of Directors?

[hhlfan]

Why kind of directors continually allow management to reward itself financially and not care about the Company's owners, its shareholders?

This looks like either a money siphoning scheme for managers/insiders re bonuses/options that are exercised via the NCIB or a totally inept Board which should resign and be replaced with people who care about the owners/shareholders.  The Rot is blessed and enabled by the Board.  Do your jobs or resign!

[firstworld]

This is the canadian way  foor last 15 years.  Losers and poor judgement people get rewarded while champions and producers are penalized with taxes, obstacles, and complaints they make others look bad haha. Thats why candain run business are poorest performing wiith lowest productivity and highest costs in industrialized world. Frankly, AOI looks way better than it did 6 mths ago

[DAGUY]

Look at who is on the board... Will tell you why it keeps going... You would think the big shareholder would get a little ticked...  Simply shameful to talk about shareholders and do absolutely nothing about it... off at one point today 58% from 52 week high, when oil is pretty much flat... They just keep filling the coffers and use paper writeoffs to avoid taxes.. But that isn't helping

[Ferryboy]

100% with you on this one .. "20% up is 1 cent a share, so an extra 4.6M in a year... Wow, but the world would see you doing something for the shareholders..."

[firstworld]

Big SH see the big picture long game which is 100K bbl day net to AOI in 6-7 yeras, and likely a buy out well before then shortly after the orange development FID and multi year plan. People crying about AOI now should not be speculating on it, rather , nvesting in a solid div etf delivering 10-15% a year, of which there are plenty. This is the wrong gamble for penny chasers.

[Jimbino44]

Whether you have 5 or 5 million shares and your timeframe is 5 days or 5 years nobody wants to see the share price in a free fall for no apparent reason. The earnings release was underwhelming but certainly not catastrophic, oil prices steady, and everything else looks good on the surface. Yet the market is hammering this stock...something doesn't smell right.

[Suppe11]

Can't understand., why nobody understands the tanking. It was pretty much clear since last yesr (=when they told us the Agbami maintenance in Q1), though I thought the decline would stop earlier. Q1 will be a garbage Q and the maintenance drags down the production guidance overall and let it look like decline, despite some infills.