MPO 0.00% 14.0¢ molopo energy limited

fine buying, page-6

  1. 1,189 Posts.
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    The recent flow rate announcement for Gloucester laid the foundation for a decent level of certified reserves. More good news to follow on that one, plus all the other fantastic prospects.

    If you look at traded volumes since the announcement, there was very smart accumulation from those getting set ahead of the release of certified reserves. Sell down over recent days was on much weaker volume, but allowed the accumulators to pick more shares up at around 80c.

    Climate change is getting pushed more and more to the forefront of public awareness.

    I think the time lag in getting to production will actually work in the favour of long suffering shareholders who have been patient - we are going to benefit from better contract prices. The shift to clean energy has only just begun - you wait until it starts to gather momentum, and then see what position MPO is in.

    I think the day's below $1 are starting to look limited.
 
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