MPO - Molopo Gas
- Thread starter thescreeners
- Start date
-
- Tags
- molopo gas mpo
- Joined
- 8 August 2007
- Posts
- 136
- Reactions
- 0
They got the day wrong - the meeting is tomorrow - Tuesday.
From the Rear Window section of the afr.
Molopo showdown looms
The chief executive of oil and gas company Molopo Energy Stephen Mitchell is going to need all of his political skills on Wednesday in Melbourne, when a meeting is held on whether to vote out two existing board members and replace them with property developer Max Beck and his hand-picked fellow challenger Greg Lewin.
Beck and a few other cashed-up shareholders including billionaires bruce Mathieson and Boris Liberman, Fairfax Media chairman Roger Corbett and Sunland Group chairman Terry Jackman - aren't happy with Molopo's streategy and want chairman Donald Beard and director David Hobday out.
The two parties have been locked in a war of words in recent weeks, with Mitchell - a long time Liberal Party supporter who failed in a pre-selection bid for the Victorian federal seat of Wannon in 2009 - firing off an email last week to major shareholders urging them to back the incumbents. With the vote expected to be close, we wonder what Mitchell will do should the rebel shareholders pull off a victory.
From the Rear Window section of the afr.
Molopo showdown looms
The chief executive of oil and gas company Molopo Energy Stephen Mitchell is going to need all of his political skills on Wednesday in Melbourne, when a meeting is held on whether to vote out two existing board members and replace them with property developer Max Beck and his hand-picked fellow challenger Greg Lewin.
Beck and a few other cashed-up shareholders including billionaires bruce Mathieson and Boris Liberman, Fairfax Media chairman Roger Corbett and Sunland Group chairman Terry Jackman - aren't happy with Molopo's streategy and want chairman Donald Beard and director David Hobday out.
The two parties have been locked in a war of words in recent weeks, with Mitchell - a long time Liberal Party supporter who failed in a pre-selection bid for the Victorian federal seat of Wannon in 2009 - firing off an email last week to major shareholders urging them to back the incumbents. With the vote expected to be close, we wonder what Mitchell will do should the rebel shareholders pull off a victory.
MPO yesterday released a market sensitive announcement regarding the release of a report into shale gas drilling / fraccing in Canada. I did a quick search today on 'Quebec
Government' + BAPE
this http://www.globalmontreal.com/Quebec+government+puts+brakes+shale+drilling/4408960/story.html
seemed to be indicative of the Canadian medias interpretation of the report. This development does not appear positive for MPO and others particularly in the short term.
No regrets so far in selling our holdings, only in not doing it closer to the highs
Government' + BAPE
this http://www.globalmontreal.com/Quebec+government+puts+brakes+shale+drilling/4408960/story.html
seemed to be indicative of the Canadian medias interpretation of the report. This development does not appear positive for MPO and others particularly in the short term.
No regrets so far in selling our holdings, only in not doing it closer to the highs
My last bearish post regarding MPO concerns a TV news item aired this week (ABC or SBS ? can't remember which). It was a general article on the state of some South African mines, cronyism and ownership linked to political figures. These issues where affecting those at the 'coal face' as some mines had shut. In this article it mentioned companies reluctance to invest and even used the 'N' word....nationalisation or the fear of it. The point of this is MPO has an interest in South Africa. Just like Quebec it may be a great geological entity but will dollars ever flow back to Australian shareholders. The term sovereign risk wasn't coined by me. I haven't bought any shares for a while, in future I think I'll get more nervy when a reasonable Aussie company attempts to apply its skills proven in Australia to projects to those in foreign lands.
- Joined
- 1 October 2008
- Posts
- 3,733
- Reactions
- 391
It was a Gasa whilst it lasted.
Where for out thou Molopo?
Trying to think of what sector to target as a short? Hmmmm:homer:
- Joined
- 1 October 2008
- Posts
- 3,733
- Reactions
- 391
Molopo is looking unusually happy today!!!
Is currently looking to match on it high after a 4% spike amidst doom.
Smells like dinner.
Might take a bit at the close just for fun.
Is currently looking to match on it high after a 4% spike amidst doom.
Smells like dinner.
Might take a bit at the close just for fun.
- Joined
- 1 October 2008
- Posts
- 3,733
- Reactions
- 391
Doing one of it's bounces?
Hi volume.
Hi volume.
- Joined
- 1 October 2008
- Posts
- 3,733
- Reactions
- 391
Not feeling confident?
Well just make sure you don't test support at 50c.:22_yikes:
Well just make sure you don't test support at 50c.:22_yikes:
