From today's Baillieu Research Friday 5 March 2010
"We expect that the greater production levels from Mungi will be occuring at roughly the same time as the company's 14 new Canadian oil production wells are brought on line, marking a strong finish to FY 2010."
Valuation. "Baillieu values Molopo on a sum-of-parts basis at between $3.90 and $7.31 per share, with a mid-point of $5.37. Our target is unchanged at $2.25."
MPO Price at posting:
$1.25 Sentiment: LT Buy Disclosure: Held