...i admire your cool head in explaining things... i put up a...

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gypsy5

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15/02/23

21:44

Post #: 66273936
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Originally posted by Justadabble: ↑

Hi Whiplashed,

Appreciate that many MMR holders hold a glass half empty view on MMR's future and that is completely understandable. The level of incompetence of previous boards has few peers in Australian Corporate history. But, looking into the rearview can be dangerous as you might crash headlong into what's coming up in front of you.

MMR needs PEP11, PDF decision, and cash. PEP11 was gone a year ago so getting the result in the Federal Court is a milestone of enormous significance.

In relation to your specific question, the Federal Court documents reveal that "financial capacity" is not a valid test under the Suspension, Variation, and Extension NOPTA evaluation process. To use this as a reason to decline would likely be contested by Advent . There is a precedent for such matters, which IMO would also cover the Force Majeure component, the attached judgement is well worth a read.

Pathfinder decision.pdf

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...i admire your cool head in explaining things... i put up a post a couple of days ago ...making the point that we need to find GAS.

...................i was around in 2008 The Newcastle area had hydrocarbons galore. It also had GAS a plenty. 7 tcf

Of coarse i was extremely disappointed !!!... ....maybe the ASX has been alerted to wild claims....

...............................................................................................maybe 3D may have helped You know what... i had NO IDEA what was happening at board level ...not happy the company MEC ...did not get out there and do another DRILL ...JUST GOT INTO POLITICS OF WHO WAS GETTING THE TOP JOBS and THE TOP REMUNERATION

David, you won. ...now can you get MEC back online ...and get back to finding GAS ....yes Justadabble... i am frustrated and i hold BPH. .....

MMR Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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