wound tight, page-4

Werner,

The share price/mkt cap of a company does not always reflect the true value of an enterprise, this is especially true at the spec end of the mkt. The true value of an enterprise is its NPV of all its future cashflows. For MPO this means reserve certification/production. IMO this is where Management is kicking goals.

The last placement for $33 Million is some serious amount of cash! Whatever happens to the share price, the money will be in the bank. Management have demonstrated their ability to be able to use the cash to add value to the business. The good work of mgm will ultimately reflect in the sp, maybe not sooner but certainly later! The 4 or 5 cents discount to sp is volume discount, happens in all markets be it buying bulk veggies, garment or shares, don't get too caught-up in one event, look at the overall picture.

Also consider, why people investing $33Mil in this company would want to sell out in the short term? Everyone on this forum agree that MPO is a keeper based on the available information, why should it be any diff with the new investors?

So hang back, the new investors bring to the table a large chunk of cash, which is very important to the company. Hopefully, like in the past management will use the cash to maximise value of the enterprise. Eventually, the 33 mil would have done more good than any thing else.

DYOR

BYG