"Bounty is now in joint venture with unlisted Advent Energy, which is controlled by listed pooled development fund MEC Resources (MMR). Now the quest for (mainly) gas but also some oil off this part of the NSW coastline is getting serious. And Queensland coal multi-millionaire Ken Talbot, through his private investment company, has taken a 10 per slice of Advent."
MMR marcap is now only $37 million (ultimately controlling 85 % equity in the Sydney basin block) BUY marcap is $42 million (ultimately owner of 15% equity)
If Ken Talbot is buying into the MMR owned company and the MMR market cap is lower than a 15% equity holder (BUY/Bounty) then I think the run has some way to go .
Buy, Accumulate, hold both heads and options .
MMR Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)