for those interested

The latest Molopo Research Report....link is attached from baillieu...

Molopo has found it tough to perform in the recent market (finally I think we have turned the corner) however the problems faced were market related and not company specific. Over the past several days the company’s share price has found some life as the traded volumes started to increase. The short and long term prospects for the company are looking up and their drilling program should produce some exciting results over the coming 3-6 months with the potential for gas reserve upgrades.

If we use the market yardstick for the 2P gas contract price of 50-60cents, the value of the companies QLD assets alone would be 40-50cents per share, not incorporating their Glocester Basin interests in NSW, Chinese assets nor South African fields.

see attached link for detailed analysis.....


http://www.sendspace.com/file/14c9c2