Woooooo Hooooooo Go MMR :)$$$$$$$$$, page-4968

Honestly Crew why would you bother in MMR , its now simply rated as Oily Penny Junk Scrip with mangment matching same outcome pending retirement now.

MMR (MEC Resources, ASX:MMR) is an extremely high-risk investment — easily a 9/10 or higher on the risk scale for most investors. It is essentially a binary, highly speculative bet on one single asset (its ~37.95% stake in Advent Energy, which itself is 85% owner of the PEP-11 offshore permit). The upside could be big if things go right, but the downside is potential total loss of capital.

Current Snapshot (as of 12 March 2026)

• Share price: ~0.4 cents
• Market cap: ~$7.5–8.4 million
• Main asset value (per latest half-year report): Advent investment carried at ~$4.33 million + $5.75 million loan to Advent
• Cash: ~$1.18 million (thin)
• Other assets: basically none
• Court judgment on PEP-11: still reserved (hearing was 20 & 23 February 2026 before Justice Jackson — no decision yet)

Why the Risk Is So Extreme

1. Binary court outcome (the make-or-break factor)
   • If the Federal Court quashes the minister’s refusal → PEP-11 can potentially be extended → MMR’s value could rise sharply (some analysts see multi-bagger potential from future gas discovery in a supply-short east coast market).
   • If the Court upholds the refusal → permit expires → Advent’s value collapses to near zero → MMR’s share price would likely crash toward zero.This is the only real project MMR has. The company itself warned in its December 2025 Prospectus: “This investment comprises a significant portion of the Company’s potential asset base” and losing PEP-11 tenure would materially affect its financial position.
2. No diversificationMMR is a Pooled Development Fund (PDF) investment company, but 95%+ of its worth is tied to one offshore gas permit that has been in legal limbo for years. No other tangible projects, no production, no revenue.
3. History of massive uncertainty
   • Suspended from trading for ~5 years (2020–2025) because of PEP-11 delays.
   • Only reinstated after the entitlement offer. The same uncertainty that caused the suspension is still here.
4. Classic penny-stock risks
   • Extremely low liquidity → hard to sell in volume without crashing the price.
   • History of dilution/raises.
   • Ongoing cash burn (reported $432k half-year loss).
   • Small-cap volatility — news (good or bad) can move the share price 50–200% in a day.
5. Political & regulatory overhangStrong NSW anti-gas sentiment and federal involvement mean even a court win doesn’t guarantee smooth sailing (more approvals, funding, seismic, drilling still needed — years away).

Bottom Line

• If you are risk-averse, conservative, or need the money in the next 1–3 years → avoid MMR completely.
• If you are experienced, can afford to lose 100% of the position, and want a high-conviction speculative punt → it’s the classic “lottery ticket” stock, but size it tiny (e.g. 1–2% of portfolio max).

The next catalyst is the Federal Court judgment (and that outcome is months away and a likley denial). Until then, MMR remains one of the highest-risk stocks on the ASX — a leveraged bet on a single court case and one exploration permit.

Ignore the obvious at your peril imo crew !!!!!