MPO 0.00% 14.0¢ molopo energy limited

I'm in two minds Alleyoops..The IPO was supposed to raise...

  1. 2,866 Posts.
    I'm in two minds Alleyoops..

    The IPO was supposed to raise roughly $200m, minus the costs required in listing etc.
    They've received almost that amount just for Spearfish (albeit half~ in shares) without the hassle of listing.

    On the other hand, we've given up what could've been a strong source of revenue.

    I just hope they spend this money wisely, where exactly has the $300m+ they claim to have made over the past 3 years gone asides from development and canadian acquisition?
    The SP has certainly seen no appreciation.
 
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