Reply from a recent email which again states - "Molopo will...

Reply from a recent email which again states - "Molopo will continue to strive to deliver both value and share price appreciation for all our shareholders".

Even with broker upgrades and outperform ratings, in the past 3 years, shareholders have yet to see appreciation in value. It has been quite the opposite with depreciation in value and sentiment at very low levels.

Dear Shareholder,

Thank-you for your feedback and we understand your position.

Let me assure Molopo management and the Board are working very hard to ensure that we maximise value for shareholders. That not only includes selling the story but importantly, that we continue to make good progress operationally to ensure the Molopo story has substance. To that end it is encouraging that you recognize the progress we are making across our portfolio.

Recently we announced our intention to list the Canadian oil assets on a North American exchange. This is aimed at maximising value for shareholders, for we believe the value of these assets are not being accurately reflected in our ASX share price. The timing of the listing has been influenced by many factors but derisking the play, securing acreage and establishing production.

Molopo will continue to strive to deliver both value and share price appreciation for all our shareholders.

Yours faithfully,
Anthony Bishop