MMR's Principal Activity is the invest into a variety of industries, including companies in the energy and mineral resources sector.
|Bid / Ask||-|
|Volume (4w avg)|
|vs Sector (1yr)||-10.32%|
|vs ASX 200 (1yr)||-23.49%|
|ASX Rank||2,254 of 2,297|
|Sector Rank||153 of 166|
MEC Resources Limited (MMR) is a Pooled Development Fund investing into exploration companies targeting large energy and mineral resources. MMR's primary investment is its 47% interest in Advent Energy Ltd.
Incorporated was incorporated in Australia on 20 April 2005 in Western Australia.
DPS and Yield calculations use the Pay Date.
|No dividends paid.|
See Upcoming Dividends for all ASX companies.
|Mr David Leslie Breeze||Non-Executive Director||Oct 2020||
Mr David Leslie Breeze
Mr Breeze is a Corporate Finance executive with experience in the stock broking industry and capital markets. He has been a corporate consultant to Daiwa Securities; and held executive and director positions in the stock broking industry. He has published in the Journal of Securities Institute of Australia and has also acted as an Independent Expert under the Corporations Act. He has worked on the structuring, capital raising and public listing. Mr Breeze was a founding Director of MEC Resources. In the past three years Mr Breeze has also held the following listed company directorships: Grandbridge Limited (from December 1999 to present as managing director) - Grandbridge was delisted from the ASX 2 February 2020; BPH Energy Limited (from February 2001 to present as managing director); and MEC Resources Limited (Managing Director from April 2005-November 2016).
|Mr Anthony (Tony) Huston||Non-Executive Director||Oct 2020||
Mr Anthony (Tony) Huston
Mr Huston has been involved for over 40 years in engineering and hydrocarbon industries for both on and offshore exploration/development. His early career experience commenced with Fitzroy Engineering Ltd, primarily working on development of onshore oil fields. During the 1990's Mr Huston managed JFP NZ International, a Texas based exploration company that included a Jack Up rig operating in NZ waters. In 1994, Mr Huston managed the environmental consent process required to drill a near inshore well that was drilled from 'land' into the offshore basin during 1995. In 1996, Mr Huston formed his own E&P Company to focus on re-entry of onshore wells, primarily targeting shallow pay that had been passed or ignored from previous operations. Recent focus (12 years) has been to utilise new technology for enhanced resource recovery and has been involved in various fields, including US, Mexico, Oman, Italy and Turkmenistan. During the last 3 years Mr Huston has been a director of listed company BPH Energy Limited from June 2017 to present and is a non-executive Director of Advent Energy Ltd.
|Mr Geoffrey (Geoff) Neil Murray||Non-Executive Director||Oct 2020||
Mr Geoffrey (Geoff) Neil Murray
Mr Murray trained in mechanical and plastics engineering and technology management and is a product development specialist. He also has experience in drilling technology and oil, gas and geothermal well optimization. He has been the founder or co-founder of eight tech start-ups. Mr Murray was the Engineering Manager of Fitzroy Engineering Ltd, Technical Manager of Austoil Group, Global Productline Manager (extended reach technologies) at Weatherford International and Business Development Manager (NZ and PNG) for Weatherford International. Mr Murray was engaged in assessing oil and gas properties and making recommendations as the investment Vice President of Stealth Oil & Gas, Houston a wholly owned subsidiary of Weatherford International. He is currently the Managing Director of Avant-Garde Developments Ltd. Noting that Mr Murray is not a director of Advent Energy Ltd.
|Mr Andrew Thomas Jones||Non-Executive Director||Sep 2020||
Mr Andrew Thomas Jones
|Mr Douglas (Doug) Verley||Non-Executive Director||Feb 2020||
Mr Douglas (Doug) Verley
Mr Verley has over 35 years experience in the banking, investment management, life insurance, mutual fund, accounting, property, mining services, construction, fabrication, engineering, printing, training and fire prevention industries, as well as 25 years experience in strategy development, planning and implementation. Mr Verley was the Managing Director of the Retail Investments Division of Standard Bank, Africa's largest retail bank. Following this appointment, he established his own investment funds management company in alliance with one of the world's largest investment management groups, forming numerous strategic alliances with leading South African financial institutions. Mr Verley also established a special-purpose property development company to capitalise and develop a 330-home property development, with an estimated end-to-end value of about AU$200 million. Mr Verley has acted as the compliance officer to an ASX 200 investment company, been the Executive Chairperson of a prominent mid-tier accounting, tax and financial planning business, has sat, and still sits, as director, advisor and business coach (mentor) to various SMEs and Not-for-profit organisations, and with his current business partner, he has most recently established Here Business & Wealth.
|Mr Robert Marusco||Company Secretary||Sep 2019||
Mr Robert Marusco
Mr Marusco has over 30 years of experience specialising in financial reporting, taxation law, corporate law and financial strategy. Furthermore, Mr Marusco has experience and competence in equity capital markets, debt advisory and importantly operational knowledge in relation to capital raising support and facilitation, corporate management including secretarial, governance and compliance dealing with the ASX, ASIC and other authorities for both ASX listed public and private corporations. Mr Marusco has previously fulfilled board roles for a number of ASX listed public and private companies as non-executive director and company secretary along with compliance committee positions.
MMR directors must report any change in shareholding to the ASX within 5 business days.
See Director Transactions for all ASX companies.
|27/11/19||Andrew Bald||Issued||8,800,000||$0.005||$44,000||Director remuneration|
|27/11/19||Michael Sandy||Issued||8,800,000||$0.005||$44,000||Director remuneration|
|27/11/19||Matthew Battrick||Issued||8,800,000||$0.005||$44,000||Director remuneration|
|14/05/19||Andrew Bald||Issued||2,709,048||$0.005||$13,545||Rights issue|
The current holdings of MMR directors.
|Director||Last Notice||Direct Shares||Indirect Shares||Options||Convertibles|
|Douglas (Doug) Verley||30/06/2020||2,000,000||20,792,200||N/A||N/A|
|Geoffrey (Geoff) Murray||N/A||N/A||N/A||N/A||N/A|
|Anthony (Tony) Huston||N/A||N/A||N/A||N/A||N/A|
No Substantial Shareholders for MMR in our database.
12 month transaction history compiled from ASX announcements.
No buy transactions reported by Substantial Shareholders in the past 12 months.
12 month transaction history compiled from ASX announcements.
No sell transactions reported by Substantial Shareholders in the past 12 months.
|Year||Closing Price||Last Trade|
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