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14.0¢ molopo energy limited

Actually maybe they are better off just going long oil, until...

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relaxan

453 Posts.

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20/06/17

22:45

Post #: 25392405
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Originally posted by relaxan ↑

Don't disagree with most of this. Two points is that there is a relatively new guard executive as the previous Chair Samantha Tough was effectively exec chair, did nothing then jumped when it got too hot in the kitchen. The other point is that the company cannot give the money back to shareholders until they resolve the litigation. I am not a shareholder but have been watching since the Takeover Panel action as I think that if there is a forced selldown of Aurora / Keybridge stake then this may provide a cheap entry point. The risk is that they fail to find a suitable acquisition before the ASX delists them for lack of business activity and I, and you, are stuck in unlisted. Frankly I see that downside as better outcome than a Keybridge / Aurora control or a silly acquisition.

Just my thoughts

Best of luck

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Actually maybe they are better off just going long oil, until the litigation is settled ???

MPO Price at posting: 14.5¢ Sentiment: None Disclosure: Not Held
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