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19/07/05
11:13
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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
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