A shareholder should try to ask the company for the ASX letter that contained this paragraph, I am fairly sure the letter said more than just this, and it may provide a rationale for the decision: "Should Advent be successful in the extension of its PEP11 oil and gas exploration lease and MEC be successful in its appeal to reinstate its status as a PDF, ASX could consider conditions for reinstatement on the basis of continuation of MEC's existing business". " -ASX:MMR Preliminary Final Report (01/09/2021).
A shareholder should try to ask the company for the ASX letter...
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