Africa Oil Corp. T.AOI

How does this stock move up?

[DAGUY]

So they are trading at 2.9x earning.. Can't see them not getting some dividends.. Yes they have debt but a lot of companies trading way higher have debt. If they can pay their debt reasonably easy why shoouldn't this trade higher? Is it going to take a divident to shareholders to move it? What are people's thoughts???

[argaiv]

Investors might be skittish about Nigeria and Kenya is my guess.  If we were in Texas it would be a different story.  Thank God we are offshore in Nigeria.

[DAGUY]

I remember the good old days when it traded over 1M shares in a day.. And moved (up and down but mostly up)... Wish those were here again... If the stock price doesn't move they may as well buy back the shares... If they got 200M in dividends, spent 100M on paying back the loan (which i think they will pay off less and stretch it over 3 years) they could buy 80M shares for 100M. lol  

[firstworld]

Those days will never return they never do.....they bought high, in region with extreme political risk and no wherewithal to retain their own military, so they will get screwed just like every other pip squeak Canadian company mining anything in the world who are all pushovers. The only positive is if they can hold it together that faster Canada kills oil business in it's shift to triple money