"I still think that people with patience and coming into MPO with a long-term view will benefit in the long run".
Bill the only problem here is how long!! Most of us have been here 5 plus years already and what return have we had to date??
Some good posts here of late i just hope the company reads some of these and gets a few ideas from it all.
Yes they are selling off the Canadian Oil in an IPO but keeping a large percentage of the stock so ultimately exposure to future dividends if that happened but i am wondering will they sell that stake in the end?? I'm sure it will be escrowed to be attractive to the new investors. A Bishops tells me they cannot release any further info on the details of the IPO due to the regulatory regime and also this reply to a query on a shareholder taking action etc:
If any individual shareholder wishes to take action then, provided it is done lawfully, that is their right. However the Board?s obligation is to maximise value for all of Molopo?s shareholders. Accordingly if the shareholder action does not maximise value or alternatively starts destroying value for our shareholders, then Molopo will take appropriate action.
So i wonder with the SP spiral the last few sessions will they be doing something if a certain shareholder is the cause of it due to some action they may be taking?
MPO Price at posting:
88.0¢ Sentiment: Hold Disclosure: Held
