Hi Simon,well done!You are almost correct, it has been...

Hi Simon,

well done!
You are almost correct, it has been calculated by others on here that MMR share price should be about 8x the price of BUY.

If BUY = 14c, MMR should be $1.12

This is NET of the following events:
1. MMRO options exercised
2. MMR share purchase plan creates 30million new shares in the company.
3. MMR's share of PEL-11 falls to around 45% - after Advent have found a farm-in partner to share the drilling costs.

If you need, I'm sure we can find the relevant material, or someone can repost it.

Joel