Rear Window
Cashbox no more: Molopo spends $48 million
Myriam RobinSenior WriterFor much of the past year, nominal oil-and-gas company Molopo Energy has, by virtue of having no current operations, been suspended from trading on the ASX. But its trapped shareholders did have one thing going for them: a $65 million pot of money in the company's bank account that attracted takeover interest from Geoff Wilson's Wilson Asset Management and activist investor Nick Bolton's Aurora Funds Management. But that pot of gold is, alas, no more.
Last week, Molopo revealed just how little is left in the bank, infuriating its largest shareholder.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Companies
Fetching latest articles