MMR 0.00% 0.4¢ mec resources limited

That's a lovely positive way of looking at it and I guess we...

  1. 217 Posts.
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    That's a lovely positive way of looking at it and I guess we should all hope that it works out in that way!

    Based on BPH's market cap (pre-suspension!) we could hope for a ~$16m market cap at recompliance/relisting. I'm not convinced the PDF board will reverse their decision, but let's hope. If they did then I agree that provides a material upside attraction for new shareholders and investors.

    A $16m market cap would mean about $3.5m new money raised at recompliance to satisfy the 20% free float rule of the listing rules.This means MMR shares on issue would reduce from 810m currently down to 60m shares at 20c each. That's a 13.5:1 consolidation required.
    Currently 1m shares @ $0.004 = $4,000.
    Consolidation (13.5:1) to 75,000 shares @ reinstatement price of $0.20 = $15,000.

    GLTAH/DYOR
 
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