Tahi, still no word from Steve. According to our last update in May we should've heard something by now. Even the change in management can't meet deadlines. Is there any word on SA or is it FA?
"Molopo currently trading for cash backing and modest valuation of producing oil and gas assets and undeveloped land - Pending outcome of processes identified below, MPO will not be commenting on the valuation of its assets or on status of initiatives until an agreement has been reached.
* Permian Basin, West Texas, United States - Process initiated. Retained advisor; data being downloaded for viewing by interested parties; expressions of interest anticipated by mid-July.
* Williston Basin, South East Saskatchewan, Canada - Process initiated. Advisor selection still in progress; expressions of interest anticipated by end of June.
* South Africa - Internally-marketed process; announcement expected by end of June"
MPO Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
