MPO molopo energy limited

Senoj... this is a fantastic announcement. Much better than a...

  1. 1,398 Posts.
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    Senoj... this is a fantastic announcement. Much better than a special div!

    We now know that there is a buyer willing to step up and buy up to 18m shares in MPO over the next year. That sort of demand will increase the share price substantially.

    Also it is a fantastic use of cash. They are buying shares back when they are extremely cheap... effectively really giving existing share holders more bang for their buck by reducing the number of shares on issue. Very happy with this announcement.

    Some positive news from Mungi now and we might start really going places. Forest is due to release results from Canada soon as well... could provide a boost.
 
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