stop the rot !!, page-2

Holders need to read the statements carefully and not take them on their face value.

Beard and co have been very selective about the dates that they have chosen to use to justify their stance about the share price performance:

MPO?s share price (on a consolidated basis) is as follows:

1/1/07 21c

31/12/07 82c

31/12/08 83c

31/12/09 $1.31

31/12/10 $1.06

Additionally, whilst MPO is part of the ASX300 Energy Index now, I do not think that it has been for the whole 4 years that they have chosen to use, so in my view it is irrelevant to use it as a benchmark for comparison. MPO at the beginning of 2007 was considered an extremely speculative stock so one would expect the return would have to be in excess of the index to compensate the level of risk associated with an investment in MPO.