lol...well stockanalys is clearly writing to an agenda and either doing little research or happy to omit facts...
"MPO has interests of doubtful quality in South Africa, China and West Virginia"....although South Africa is an unknown quantity and really yet to be fully explored the China lease is clearly a quality asset in a proven CBM region with quality coal seams, easy access to markets and a goverment lending a helping hand...doubtful I think not...while West Virginia in my opinion not the main focus of the company is highly prospective but again in the right area...
Clarence Morton and Gloucester Basins are again quality and well on the way to becoming a major revenue stream for the company in the future not tomorrow but down the track....
could be a case of sour grapes the guys at stockanalysis didn't get their fill at 5c...or bought in at 34c...the stock has many things going for it and I for one have no doubt in the asset quality...just a question of putting all the pieces together and the quality (EX BHP) management should be able to do...
The company is building 2P gas reserves in the Clarence Morton and Gloucester Basins and holds $42 million of cash, so it should be able to pay the new team (for a while). MPO has interests of doubtful quality in South Africa, China and West Virginia.
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
