Ann: Corporate Governance Plan, page-8

Fontaine...meh!
pretty sure the argument for or against 3D has been done to death. Also pretty sure the shareholders rejected the ShareHolder InteresT group when they were campaigning against the RL Energy deal which focused on short term 3D. ...which would have been well under way by now except that the new management of Advent chose to cancel it . Oh, and unless NOPTA have backed away from their “use it or lose it” policy, then Advent’s got some serious pressure to convince them of some fairytale future before having the mythical unicorn that is PEP11 from being taken away from them.

so back to the OP’s query: MMR needs to spin off Advent asap, or hope that its management can pull a rabbit out of the hat with some positive news to justify an upward revaluation (then spin off!).

And of course some exciting new investments that satisfy all of the asx, pdf board, asic, shareholders, etc etc etc would be awesome news soon too!

GLTAH!!