MMR mec resources limited

Ann: BPH: Debt Conversion in Advent Energy Limited, page-4

  1. 722 Posts.
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    David Breeze must be very confident in Advent
    It looks like GBA is his baby and he owns most of the shares in it
    GBA is worth less than $1M and was owed $500K by Advent
    They just converted it for equity at a $10Mil valuation

    What does that tell you about things?
    If Advent wasn't about to drill Pep11 GBA would take that $500K back
    Thats a huge vote on confidence!

    Big things must be happening behind the scenes.
    Funding is coming.

    https://hotcopper.com.au/data/attachments/1982/1982882-f1188c018d1e577b1776e139f837ba64.jpg
 
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