An article in The Australian today
Shareholders overthrow board of asset-rich Molopo
" REBEL Molopo Energy shareholders ... overthrew the company's board and management at meetings in Melbourne yesterday in an effort to boost its stagnating share price.
... The shareholders, ... had the support of a majority of voting shareholders, frustrated at what they saw as lack of progress on oil and gas production from the company's wide spread of assets."
That's about MPO
How about HRR, lack of significant progress over the year. Despite no major achievement and loss of direction, on last quarter they burned over $ 1 million in administration.
With cash in the bank they can easily acquire good projects such as coking coal in Mongolia, or copper/gold in Africa.
Who are the major shareholders ?
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