PEP11 is 99.99% dead so forget about that. There were two ASX pre-requisites to re-instatement, PEP11 approval - done, and PDF - doubtful. if both fail, there is really only one way for MMR to relist and that is for Advent to be a going concern. So I hear what you are saying but Advent is the only ticket MMR has. You would also know that the $4M loan to Advent is due for repayment to MMR either (a) when PEP-11 is drilled, never going to happen, or (b) when Advent lists. MMR needs Advent to be a good story but I have no idea if it ever will be.
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