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Ann: MEC Resources Ltd Placement, page-25

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Kenton

1,424 Posts.

125

27/01/18

13:41

Post #: 30601627
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Originally posted by MEC Resources ↑

As has been stated previously, MEC supports the decision made by Advent Energy to enter into the agreement with RL Energy.

The RL Energy arrangement is in line with present market conditions and expectations.

It was created when there was considerable uncertainty around title security, ability to achieve necessary environmental approval for the current work commitments, and the inherent funding challenges inherent in Advent’s 85% exposure level.

Advent has now achieved those regulatory milestones, and has facilitated the ability to achieve the near term exploration objectives to enable drilling at the earliest opportunity based on the best quality data to maximise the probability of success. This then allows the most efficient appraisal and development program to be deployed to maximise returns for all shareholders.

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All i know is that like a a few people on here, I have been holding MMR shares since 2009 and it is time to actually do something positive and productive.

It is now 2018 and what exactly have we achieved MEC representative?

MMR Price at posting: 2.3¢ Sentiment: Hold Disclosure: Held
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