Sold Molopo after locking in good profits along the way - bought for about 47 cents. Sold last lot about 4 months ago for $1.06, others at $1.30, $1.50, $1.80, and some at about $2; and bought Linc shares in August 2010 for $1.71 and am still holding at $2.94, plus a 10cent per share dividend. Molopo has since lost momentum from $1.06 a share to todays level of 90 cents.
Unfortunately the management of the company has lost the plot and need to be replaced. I chose to sell out and invest elsewhere. I could not influence the management but I could control where my profits went. If the management is replaced and value is unlocked for shareholders I would love to invest in Molopo again.
MPO Price at posting:
90.0¢ Sentiment: Sell Disclosure: Not Held