MPO 0.00% 14.0¢ molopo energy limited

something brewing, page-44

  1. 6,885 Posts.
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    "its a case of moving funds employed on assets which are unlikely to make a return in the near future, to areas where MPO will get a good return in the short term."

    Don't totaly agree with the unlikely to make a return bit as we well know that if they had their act togther we would be very close if not would have an operational power station that would be earning a regular income and would supplement the other projects and possibly the second power generation plant would also be well under way.
    Just basic slackeness on behalf of the company and in the present state of australia crying out for more cleaner forms of power generation and soon lack of capacity the company well and truly dropped the ball on this project.
    Once the funds have been exhausted from the sale of Mungi they are gone and if they do not prove successfull they will be needing more from who???
    AT least with income from two power stations they can slowly and steadily prove up elsewere......quite often it is slow and steady that wins the race!!!
    What have shareholders gained from all previous assett sales???

    "Extremely dissapointing i agree Buddy".
 
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