re: Ann: MOLOPO ANNOUNCES 2013 CAPITAL BUDGET...
Veonne, there is plenty of opportunity for income from well optimization, jv payments, asset sales. I'm still skeptical about our future but today was a good step.
Senoj... I reckon we'll be a nrth am company shortly after we sign a jv, failing that I think mpo will be wound up.
I'd like to see cost containment start at board level. Some of these Guys aren't worth there directors fees with the bad decisions. Unfortunately we need to be brutal and in all fairness mpo has bought this on themselves through failure. Working capital must be tightly controlled so I reckon we need to strip at least 4mil annually from operating budget.
MPO Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held
