The sleeping pooled development fund giant, that is ASX:MMR, is awakening.
Figure 1: ASX:MMR chart from 30/06/2025 with annotations showing a down trend since October 2016, an inflexion point with the MACD signal, and histogram bars increasing.
What's happening?
1) The company was reinstated to trading recently (Trading as at, ASX:MMR, 02/12/2024 [ASX:MMR 29/11/2024]) after completing capital raising(s) and having their PDF case reinstated (ASX:MMR 16/03/2023).2) MMR has a 37.95%1 interest in Advent, which has a 85% ownership PEP-11 via Asset Energy.
3) PEP-11's NPV is said to be: "NPV10 of over $12 billion" (source: Post #: 79441035)
4) Recent events in the Federal Court case are alluding to a potential victory for the PEP-11 titleholders over the Federal Government. (https://www.comcourts.gov.au/file/Federal/P/WAD36/2025/actions)
5) "Included in the material provided by Minister Husic was a copy of the NOPTA recommendation to the Joint Authority which recommended that the Joint Authority approve the Second Application" source: 14 Oct 2024, ASX:MMR, PEP-11 Update https://www.asx.com.au/markets/trade-our-cash-market/announcements.mmr
6) Income Tax Assessment Act 1936
PART III - LIABILITY TO TAXATION
Division 10E - PDFs (pooled development funds)
124ZN EXEMPTION OF INCOME FROM SALE OF SHARES IN A PDF
"Income derived by a taxpayer from selling shares in a company is exempt from income tax if the company is a PDF at the time of the sale."
source: https://classic.austlii.edu.au/au/legis/cth/consol_act/itaa1936240/s124zn.html7) and more: https://hotcopper.com.au/threads/the-mec-resources-ltd-2-01-share-party.8624437/
@Patterns@W3hunter@princey37@ectoplasm
The lid will not stay closed on this for long in my opinion.
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