The IPO may put cash into MPO again. Be interesting to compare SP price at time of last capital raising to SP after IPO to see what added value the Board created for the company over a year. This gives us an idea of Boards performance.
For the cynics, IPO is a play on MPO
For the optimists: Viva la Virginia - this South African project will be the next golden apple for MPO
If you were Mitchell, where will you put this cash to get quick capital return & hence good SP? ie if you held 1.5m shares in MPO, what will you do? ps investing in another company not an option
MPO Price at posting:
$1.06 Sentiment: Hold Disclosure: Held