re: Ann: Molopo increases 2012 capital budget...
buddy, don't know much about the Australian producers but the first question i'd ask in regards to these producers is where will they market the product and what will it cost to get it there.(if its not australia)
i'd imagine that is the additional cost over producing in Nth America. There could also be inflated wage prices for anyone that can swing a hammer or hold an arc welder.
Still there appears to be some good prospects in Australia.
With MPO we are finally getting back to activities that will make money. The results need to back up the massive amount of capital being spent this year and they need to be better than forecast because 98mil to achieve 2300 bld is not good enough when compared to our neighbours.
MPO Price at posting:
67.0¢ Sentiment: Hold Disclosure: Held
