Africa Oil Corp. T.AOI

over the top volume for what reason.

[minigoon]

well thats about 16 million shares traded in the last hour !

[Ebenizer3]

yeah Fat finger trade, lol. Guy going to check his account and realize he's now a substantial SH. lol. Yeah kinda interesting hmmm.....

[radcat]

It wasn't my 16 million shares ($40,960,000), was it yours? Who was the buyer? Not any of these guys. Top institutional share ownership of Africa Oil Corp. Name Shares Shares % change Value Value % change DFA INVESTMENT TRUST CO - The Canadian Small Company Series 1,333,299 0.0% $2,468 -9.9%

[DAGUY]

Wonder if it has anything to do with the Dec 19th addition to S&P/TSX Composite Index. Reading that some funds that track the index will need shares????  That is a pretty good chunk of stock. 14M shares would be about 3% of the outstanding shares... 

[minigoon]

That's a good point in regards to AOI being added to the S&P index, thus funds rebalancing. Now, would be nice as a share holder to see a benefit being added to the index instead of a 30% decline in stock price.

[DAGUY]

I agree with that.. Too bad those 13-14M shares were not bought in the mid $3.00 level! Was the stop of the buybacks part of the move to the index too???

[radcat]

So who sold and who bought? Possibly the Lundin's. Who else would have millions of shares to sell. If management is the buyer they would still have a ways to go before they hit the maximum allowable limit.  From Nov 21 NR. Since September 27, 2022, up to an including November 18, 2022, a total of 17,425,190 Africa Oil common shares have been repurchased under the share

[DAGUY]

According to marketscreener.com website these are the only ones with that many shares: Stampede Natural Resources SARL 66,569,922 13.9% Fidelity Management & Research Co. LLC 19,592,101 4.10%  

[radcat]

Thanks. Good find. I have never heard of Stampede Resources. Continental Focus, International Reach Petroleum Africa Find us on:     Home News Global News Events Magazine eNewsletter Media Planner Advertise

[papaloapan]

Good find ?   The article was published in 2015.