"Mr. Beck has brought keen insight and leadership to the Company’s Board and on behalf of the entire organisation. I wish to thank him for his contribution"
Obvious the market and the current SP does not agree!!
The resultant entity will be streamlined, more efficient and have significant cash resources that could be used to pay for Molopo’s joint share to further develop the Texas assets; potential distribution to shareholders (in an amount and at a time to be determined); a share buy-back; or a combination of the foregoing. At this time, it is not anticipated that any capital will be deployed into acquisitions
MPO Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
