Reject offer they are saying

Well, I am not going to accept it at these prices when the cash alone is worth more than that.

Nevertheless, I am still of the opinion that our Board should return some money to the shareholders. Even 2 or 3 cents per share would do to reduce the long term pain and suffering.


"Molopo Energy


Molopo is urging shareholders to reject Aurora Fund's takeover bid by taking no action, suggesting that Aurora will not be paying full cash for Molopo shares under the terms of its bid.

Rather it will also offer a percentage of the company's value in units of its hedge fund Aurora Fortitude Absolute Return Fund, which given it is unlisted may not be easily unloadable for many shareholders.

Molopo also considers Aurora's bid too low, at 13.5c per Molopo share. "