Aurora takes an axe to Molopo valuation

Aurora Funds Management has again downgraded the valuation of its shareholding in ASX-listed Molopo Energy, following that company’s quarterly results for December.

Aurora in September of last year announced that the fair value of its holding in Molopo had been reduced from 3.6c a share to 2.6c a share, based on the information that Molopo had released to the market between August and September of last year.