jakspara,Not quite. MMR have options (MMRO). The options do not...

jakspara,

Not quite. MMR have options (MMRO). The options do not have PDF status, so when you buy and sell them you pay C.G.T as normal. So if you hold MMRO and they drill a duster you can claim the loss.

But, If they hit the good stuff, pay the $0.20 conversion to heads (about a year or so to convert) and then you can sell them C.G.T free. Best of both worlds with MMRO.

I actually stuffed up a bit earlier saying Advent have the PDF status. MEC resources (MMR) have the PDF status and they own around 50% of Advent.

I'm not an accountant so don't trust this as tax advice!

Anyway back to all things MEO...