Funny that the offer to Bentley is exactly what the company put in the annual report preso nly a few weeks back!!! Smoke and mirrors to the SP to perform??
"Net asset value per share at 31 March 2014 was $0.25".
"Bentley Capital Limited advises that it received an offer for the whole of its shareholding in Molopo Energy Limited (MPO) comprising 33,763,838 shares (being approximately 13.66% of the issued capital of MPO) at a price of 25c per share for a total cash consideration of approximately $8,440,000, subject to the parties entering into a binding agreement"
Makes you wonder sometimes!!!
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- Ann: 2014 AGM corporate presentation to sharehold
Ann: 2014 AGM corporate presentation to sharehold, page-29
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