Ann: Voluntary Suspension - Update, page-2

Waiting to be surprised by a positive announcement tomorrow detailing the imminent reinstatement of trading of MMR securities. Can only hope the quiet over the last few weeks means that they're busy beavering away with ASX, ASIC and lawyers getting all the i's dotted and t's crossed on the documentation. There's a fair chance MMR will need to put out a full recompliance style prospectus considering the proposed distribution and the time they've been suspended from trading this year so we could be in for a lot longer trading hiatus.

Playing the guessing game, a reinstatement price assumption could be based on BPH's price. Assuming BPH's price ($17.5m @ $0.037) is attributed to its 22.3% holding in Advent (no value for any of its other assets), and MMR is valued purely on its 49% holding in Advent, then MMR should come back on at (17.5/22.3*49 =) $38.4m @ $0.056. That would be quite some uplift if that were to happen...