MPO molopo energy limited

The plot is thickening or is the goose cooking?

  1. 1,087 Posts.
    With a new Australian investor on the books (KBC), things must be coming to the pointy end of the stick.
    The big question- Is KBC friendly with BEL, i.e do they have the same aims?
    Do they both want to get their hands on the 60 odd million aud?
    If so, then I feel we maybe about to have a extraordinary meeting called by BEL (20%) and the new 5% shareholder KBC.

    I am predicting that they call for a shake up of the board, which will see present directors Ross and Smith give way to 1 further appointee from Bel and 1 from KBC .
    Should KBC and BEL choose to work together this will give them the majority on the BOD and they will seek to fold the company, or at least leave a shell and return most cash back to shareholders.
    I hope so as I am looking for resolution to this saga.
 
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