company is hell bent on getting mungi, SA & Canada into viable producing assets that will produce significant cash flow over the longer term, disposing of minority stakes to rasie funds is the best option and allows them to concentrate on three projects.
having spoken to management they are all focused on delivering on their goals and have been prudent in conserving cash over the last 6 months and continue to do so...
only holding a relatively small parcel these days and as such not even bothered with the day to day movement in the share price, holding in anticipation of continued good results in QLD and SA but also for drilling in canada that could indeed make the current share price look stupidly cheap.
MPO Price at posting:
$1.08 Sentiment: None Disclosure: Held