The BIG question is what do Baker St. know that we don't know? And they must know something. They would surely have had contacts with the board and they were still accumulating in November. So now, we are left with the chairman's associated company as the largest shareholder.
Look for some Canadian company(known to the board) to make a lowball offer(25 cents) for Molopo and then sell the Permian acreage and thus keep the cash and sit on the 1.4 million acres in Quebec.
On another note, our nearest and biggest neighbour in Permian, Approach resources is under the pump. SP dropped from a high of 30 cents in November.
sentiment :despair.
MPO Price at posting:
19.0¢ Sentiment: None Disclosure: Held
