If it is due to consolidation, it just goes to show how ignorant people are in understanding companes etc. The moves that MPO had in the past are no different to what is happening now.
Based on your arguement that you should have got out, current prices must be attractive, or more attractive.
Personally, the low volume seems to indicate that those selling are not large holders, just small holdings with no real understanding of the CSG sector. If you look at ESG, BUL, MEL etc they have all moved downwards.
Seems the call to have greater gas usage promoted by the green labour government has not fully sunk into many the main beneficiaries off increased gas demand are MPO, ESG, BUL MEL etc.
The other reason is the lack of news. Glouscter announcmenet was fantastic, but AJL presentation of it sounds a lot better. No news from china, South africa or Qld or about contracts, MOUs etc have just frustrated many smaller uninformed persons selling.
If you want to sell, sell, not an issue for me
just a matter of time and this is the problem could be to morrow or next year. Hopefully before but not holding my breath.
But still holding
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held