possible scenario mpo>mel

Hopped onto the boat this morning after I came across something while doing research into the company

Do you think it is likely MPO will t/o MEL?

Look heres my view (based on facts):

MPO market cap: 245M
MEL: 93.41M

Company Reserves (PJ) 2P 3P:

Metgasco 397 2,239
Molopo 222 610

**MEL is considered to be undervalued based on 2P and 3P reserves, our share price should be higher than MPO.

In 2009, MPO has no holding in MEL
In 2010, it has 3,689,356 share holding in MEL

MPO has 23M cash as of last quarter

on Wednesday MPO sold its spearfish oil asset for 195M (comprising of 93M cash and 102.7M in Legacy Shares.

Right from MPO's announcement on 02/02/2011:

"Molopo is also considering other options in relation to the application of sale proceeds and will make a further announcement on this issue after further evaluation has been undertaken"

Do you see what I see? With that much cash on hand (MPO) t/o of MEL within the next 6 months could be possible, especially after the shares would have passed the 180 day escrow period.. MPO could attack.

BUY BUY BUY IMHO