RE:RE:JUST SOLD MY FIRST AOI IN 12 YEARS FOR MORE CPKCA couple more things to add, the good Doc also mentioned the Impact deal will not be known publicly for a couple more months due to confidentiality agreements.
He mentioned a possible exploration well for 3B/4B in 2025.
The Doc was talking something about ‘Divorcing’ ECO. He went on to say something like ‘we are not really getting a divorce’ and mumbled a bit more on it.
I took it as ECO will no longer be getting any more AOI shareholder money to support it and it’s 5-10 year wait.
Another odd statement from this CEO and I hope this is what I was hearing as enough is enough already.
If the lending facility was sold to the crowd as being needed, most certainly it is no longer needed if this team is going to do what it says it is going to do and focus on their core assets.
Get rid of it if you have not already.
They also said just how they have lived within their means.
Tell me how you are living within your means when you AND Prime are debt free.
Pay off all debt yesterday, double the dividend -------- and pay it quarterly like everyone else.
Doc, there is a lot more than one thing that I do not like about AOI, but the biggest and most important thing I do not like is the SHARE PRICE.
Here is the link to the presentation material. (The link incorrectly says Q1 2022)
GLTA.
First Quarter 2022 Results (africaoilcorp.com)