My two cents worth is simply that it cannot be a bad thing to have directors on the board with "skin in the game", aligning the companies direction and decisions with our own as shareholders. The new appointment does exactly that. Following the same logic, I wouldnt be adverse to dropping some of the deadwood with no holdings and an abysmal track record
I'm cautiously optimistic about the next few months in MPO's history. The recent Sinochem/Pioneer deal valued our acreage at a whopping US$447m. I'm not suggesting....but maybe I am! Being valued at cash and with a stated value of unlocking shareholder value and board appointments with major shareholdings, suggests there's only really one way from here.
The tip out to 28c was a gift. Thank you!
G'luck
MPO Price at posting:
31.0¢ Sentiment: ST Buy Disclosure: Held
