MPO - Molopo Australia – Credit Suisse initiate as OUTPERFORM with 260c price target. Positioned to be an important domestic gas supplier, sees significant growth potential in the coal seam gas sector with MPO positioned well to deliver initial development project within 2-years, and has significant upside resource potential. Always interesting when a big broker initiates research on a small stock. It often suggests they have a capital raising (or corporate action) on the way….which, for a small explorer, can be a very positive thing. It takes the stock to institutional investors to have a big broker behind it. Market cap $320m.
This may suggest that the price is currently subject to some deliberate accumulation games.
Cheers kse3137
MPO Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held