*** molopo big seller ****, page-8

re: *** molopo big seller **** Hi fellas

Interesting post from ASX forum, on the Molopo thread @ sharetrader.co.nz:

The March '05 presentation quotes 74.3 2P-Reserves for Molopo's Queensland assets (Mungi/Harcourt).

Based on a present Net Value of A$0.28/GJ of Sales Gas, the value/share (344m shares on issue) = A$0.060

Diluted 122m options converted (466m shares on issue) = A$0.044

Note: This represents the value ONLY of the Queensland assets.


Make up your mind - Cheapies will not be around much longer