A letter and a call, page-19

Whilst Keybridge may not be the best bedfellows - they appear to have only played a straight bat with MEL to date. Purcell, on the other hand has had some pretty serious allegations pointed at him and hasn't refuted them. Ironically, what you are suggesting KBC did with MPO is what the directors have questioned Purcell over in relation to MEL.

Correct me if I'm wrong, but Molopo is a strange situation whereby a takeover bid was only launched once it was apparent that MPO were planning in investing in a geographical area without any petroleum activity of note, via a deal with a private entity that on face value does not look advantageous to MPO holders. KBC clearly invested in the cashbox - as they did with MEL - but appear to have only acted to protect their investment, not opportunistically.

If Purcell is removed as a director, he will still have his significant shareholding in the company; which would go a long way to mitigating the risk of any KBC opportunistic move.