When these things re-rate from such huge cash discounts, they...

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18/05/16

10:45

Post #: 17798848
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Originally posted by buddy134 ↑

Yes, something interesting is happening with our poor Molopo which has been in a very long slumber party.

It appears from what is written below that we will continue to invest in the O&G somewhere. Where though, that I don't know.

The following comes form Energy News for everyone interested to read about it.

There is no doubts at all in my mind that what has been happening with MPO has proven to be a very very very testing time and requesting a hell of a lot of patience.

In the meantime the fat cats are getting fatter and fatter by the day while for us poor shareholders who have been put through the ringer for many years trying to get the last drop of blood out of us, we will have to just grin and bear it.

Molopo Energy

With $US67.4 million in cash in its accounts – although a number of lawsuits that could bite into that – Molopo continues to review a number of oil and gas opportunities in stable geographies in either the development or production phase.

This has resulted in the company entering into confidential discussions with a selected investment candidate, and to support its intention to remain within the oil patch it has appointed a new non-executive director.

Ronnen Rosengart is a senior geophysicist with 23 years’ experience in 2D and 3D processing and imaging of land and marine data in several major oil producing companies.

He has a background in research and development of software solutions for time and depth applications and has been the managing director of Oil Hunters, a geoscience consultancy company, since January 2007.

He will act as the nominee of substantial shareholder Ion Limited..

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When these things re-rate from such huge cash discounts, they quickly put bank returns to shame so patience is fine.

Easily a 20c stock from 14c just to get back to cash

Take FML recently. Now up 60%

MPO Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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