As at 29 April 13, the company held $63 million USD cash and no debt. With a 10% fall in the AUD since, cash in AUD is now almost $70M AUD.
Current market cap at 22c is about $54M AUD
MPO is well undervalued at the current share price just based on cash on hand.
AUD going to 70 c should also strongly support a higher share price.
Come on Management lets do something productive with our strong financial position!
