spot on V1. they are definately planning on structural changes of some description. a return to Aust does not seem to be an option, because all their technical people are in US, all their assets etc.
it's either a merger or asset acqusition, or a volutary sell-up and resultant return of capital to s/h imo.
But MPO just released a notice stating they have appointed a new director - experienced M&A type of guy:
".. He brings direct knowledge of private and public financing markets as well as valuable insights into the North American energy industry. We are looking forward to Jeffrey’s contributions as we continue to explore alternatives to unlock Molopo’s value for shareholders.”
so an asset acquisition, or a merger looks a possibility.
cheers
MPO Price at posting:
28.0¢ Sentiment: None Disclosure: Not Held
