Sparty
03-12-2011, 04:13 AM
I wonder how many people realise that following the sale of MPO's Spearfish project that Molopo now has cash and shares (http://www.australian-shares.com/forums/discussion/6391/molopo-spears-on-sale-of-spearfish) (in the billion dollar acquirer -Legacy Oil and Gas) that equals MPO's market cap.
So MPO's existing investors now have a swag of projects effectively for FREE.
I guess this is why one analyst declared today that MPO seemed to be undervalued.....
See MPO's projects (http://www.australian-shares.com/mining/MPO)
Older MPO posts by Sparty (http://www.australian-shares.com/forums/search?Search=mpo)
So MPO's existing investors now have a swag of projects effectively for FREE.
I guess this is why one analyst declared today that MPO seemed to be undervalued.....
See MPO's projects (http://www.australian-shares.com/mining/MPO)
Older MPO posts by Sparty (http://www.australian-shares.com/forums/search?Search=mpo)