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clock Created with Sketch. 01/02/21
14:18
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Originally posted by vcubitt:
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I think that will happen - by way of loan, or cash for shares in a similar fashion to the settlement of MEC's loans to Advent and Asset by transfer of MEC shares to settle the debt. MEC cannot put any further capital into Advent Energy as the company stands (to my understanding, without approval or by growing into other investment areas first).
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I have a sneaky suspicion the ASX has killed of the MMR rights issue for some reason, I feel like the BPH placement is Advents lifeline in some way shape or form. A relisted and healthy MMR is a good thing for the JV.
(20min delay)