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Bullboard - Stock Discussion Forum Africa Energy Corp V.AFE

Alternate Symbol(s):  HPMCF

Africa Energy Corp. is a Canada-based oil and gas exploration company focused on South Africa. The Company owns approximately 49% of the common shares and 100% of the Class B shares in Main Street 1549 Proprietary Limited (Main Street 1549), which holds a 10% participating interest in the Exploration Rights for Block 11B/12B offshore the Republic of South Africa (Block 11B/12B). Block 11B/12B... see more

TSXV:AFE - Post Discussion

Africa Energy Corp > If they drill again in Paddavisse
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Post by tadjames1 on Sep 22, 2021 3:35pm

If they drill again in Paddavisse

If AFE decides to drill more wells around 11/12B and need to raise more cash, will they be smart enough to raise at a much higher level ? For example, let's say 2B is a success and the stock runs up. That would be the time and not wait till the Swedes with weak hands sell off after they make a few pennies. G. Slodum likes to dilute though so who knows.
Comment by AkaSrsInvestr on Sep 23, 2021 4:48am
This post has been removed in accordance with Community Policy
Comment by tadjames1 on Sep 23, 2021 10:29am
Yes, our fearless leader thought he could play with the big dogs but before we hit big, diluted the company to oblivion. Now more dilution to drill minimizes any possible gains in the share price. Wish we didn't have such lazy management. If they pulled 20 -30 million out of Zebra and Lorito as a loan then paid it back with interest upon the sale , that would be smart. But.... We don't ...more  
Comment by Splinnter on Sep 23, 2021 3:50pm
Keep going Tadji... we need someone like you to apply for CEO. Maybe your pal can apply for CFO. No need to post anything on this board because thanks to your wise leadership, the stock will rock! 
Comment by tadjames1 on Sep 23, 2021 4:16pm
Nice to hear from you Spinchter ! Yes , I'm sure we could have done better than what we're seeing now. Thanks for your ongoing support.
Comment by AkaSrsInvestr on Sep 23, 2021 5:18pm
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Comment by tadjames1 on Sep 23, 2021 5:29pm
As CEO and CFO I suggest we eliminate the bonuses until we can actually generate shareholder value. This is something the current management did not do. They rewarded themselves. They fed like pigs off the trough, giving themselves high salaries and bonuses for doing nothing all year.
Comment by tadjames1 on Sep 23, 2021 9:42pm
I also suggest we roll back salaries. I for one will reduce my salary by 50 % again until we can get out of this situation. Are you on board ?
Comment by AkaSrsInvestr on Sep 24, 2021 2:46am
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