The Mitchell family originally had a financial management group called Lowell Capital.
Stephen's father, Peter was the Chairman or Managing Director.
From memory, I think that Peter and his two sons, Stephen and Julian were the key staff.
They managed portfolios for a number of clients.
A few years later there was a major split within the group, and Julian left and went on to establish JM Financial Group, which still exists.
I think that one of the major holders of Molopo was the Lowell Resources Fund (LRF). As to how much of LRF belonged to the Mitchell family, I do not know, but it was a unitised fund, so presumably there were clients of Lowell invested in it.
MPO Price at posting:
$1.07 Sentiment: ST Buy Disclosure: Held