why is it going nuts, page-25

"MEC invests into exploration companies targeting potentially large energy and mineral resources.

The Company has been registered by the Australian Federal Government as a Pooled Development Fund enabling most MEC shareholders to receive tax free capital gains on their shares and tax free dividends."

http://www.mecresources.com.au/

"Pooled Development Fund shareholders are exempt from tax on the income and gains derived from holding and disposing of Pooled Development Fund shares.
The extent of the above tax benefits depends upon a number of factors. Pooled Development Funds and their shareholders should seek professional tax advice"


http://www.ausindustry.gov.au/VentureCapital/PooledDevelopmentFundPDF/Documents/Fact%20Sheets/PDF%20Dec08.pdf