MMR mec resources limited

12.5%

0.5¢

good pointThe reasons for MMR relisting are not fully understood...

First 3 Last

Share
Profile

Follow
Hoodlum

4,046 Posts.

811

05/11/24

08:41

Post #: 76459388
Share

Originally posted by Justadabble: ↑

With the entitlement issue successfully completed, MMR is now at the top of the runway and about to be cleared for it's long awaited take off. It's not that long ago that PDF status had been lost, Scomo had refused the PEP11 applications, and MMR was in intensive care on life support. It's a credit to the BOD that PDF status was regained, Scomo's decision was overturned, and MMR gets to resume it's journey.

In the context of PEP11, the importance of the success of this issue cannot be underestimated. The current decision maker, Ed Husic, has issued a preliminary view that the applications be refused. To turn his preliminary view around, the first potential approval window, we must demonstrate that his concerns are not valid. Although not public, it is fair to assume that the concerns are the same as those raised by DISER for Scott Morrison. By far, the strongest "concern" centred around the groups ability to fund the drill, refer extract from the DISER advice below:-

"There is uncertainty as to whether the Applicant has, or will have, access toadequate financial resources to allow it to fulfil obligations under the titleconditions."

At the time of writing, December 2021, BPH was doing all the heavy lifting for the PEP11 fund raising. With MMR recapitalised and back from suspension, the argument put forward by DISER is completely dismantled. The combined resources now exceed $10M in cash and the uncertainty is removed. This is a major milestone for the prospects of PEP11 and a potentially fatal body blow to Anthony Albanese and Ed Husic.

Expand

good point

The reasons for MMR relisting are not fully understood as the importance regarding financial support for PEP-11 exploration may overcome Ed’s concerns

i would assume financial capacity is one legitimate concern

MMR Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

PIQ

Proteomics notches up as company launches PromarkerD into the US

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

PV1

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

AL3

AML3D opens new facility in Ohio as US Defence strategy bears fruit

NVO

Novo flags antimony and gold in the Pilbara – but does it need to step back?

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

There are more pages in this discussion • 83 more messages in this thread...

First 3 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.5¢		Change 0.001(12.5%)		Mkt cap ! $8.323M

Open	High	Low	Value	Volume
0.4¢	0.5¢	0.4¢	$2.673K	613.5K

Buyers (Bids)

No.	Vol.	Price($)
14	8201797	0.4¢

Sellers (Offers)

Price($)	Vol.	No.
0.5¢	6683015	6

View Market Depth

No.	Vol.	Price($)
14	8201797	0.004
13	10346801	0.003
5	4850000	0.002
11	32105000	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	6683015	6
0.006	7596657	5
0.007	8089274	3
0.008	4000000	1
0.015	310000	1

Last trade - 15.45pm 20/06/2025 (20 minute delay)

MMR (ASX) Chart

good pointThe reasons for MMR relisting are not fully understood...

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Proteomics notches up as company launches PromarkerD into the US

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Novo flags antimony and gold in the Pilbara – but does it need to step back?

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

good pointThe reasons for MMR relisting are not fully understood...

Top Stories

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

Thursday's HotCopper trends: Second Amplia response, Race combo dosing | June 19

Proteomics notches up as company launches PromarkerD into the US

Week 25 Wrap: Fed & BoE pause rates ahead of RBA; Santos-ADNOC, Oz tax reforms

Hydrogen tanker stock Provaris inks MOU with "K" LINE to provide advice

Friday’s HotCopper trends: Dreadnoughts's drill delight, Galan's beaut raise | June 19

Listen: HotCopper Wire Podcast 014 – Abu Dhabi wants to buy our 'true' oil and gas gem

AML3D opens new facility in Ohio as US Defence strategy bears fruit

Novo flags antimony and gold in the Pilbara – but does it need to step back?

HotCopper Highlights for Week 25: 4DS Memory, Meeka & Sprott-citement

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News