I am concerned about Molopo. I have held since 4 cents (20c post-consol). When it sat at $2.30 last year I was a happy-chappy indeed. Naturally I didn't sell then.
Since then it has failed to make traction in a red-hot sector. Has it lost its way?
It has sold off its best asset (Gloucester). Admittedly that put a pile of cash in its pocket. But, apart from Mungi, it now has assets in far flung corners of the planet. One is in China, and only Fu Man Chu himself can make money in that land. And South Africa isn't much better.
I appreciate that the board is high calibre.....but.....anyone else also concerned?
MPO Price at posting:
$1.07 Sentiment: LT Buy Disclosure: Held