Mec Resources Ltd (mmr) Logo

Mec Resources Ltd (MMR)

___:___ · Energy
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VOLUME
DIV YIELD
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52 WEEK RANGE

MMR Chart

Snapshot

MMR's Principal Activity is the registered as a Pooled Development Fund to provide carefully selected Australian companies with funding.

Share Price Activity

Last (Price)
Change 0.00 (0.00)
Bid / Ask -
Volume
Volume (4w avg)
Turnover
Open
Day Range -
VWAP
Prev Close
Last Trade

Performance

1 Week
1 Month
2022 YTD
1 Year
vs Sector (1yr) -25.80%
vs ASX 200 (1yr) -1.80%

Size

Market Cap Question Mark Icon
Excludes mandatory escrowed shares and foreign shares.
ASX Rank 2,369 of 2,413
Sector Rank 152 of 166

Key Fundamentals

Shares Issued
Sector Energy
Similar Companies SAN / NSE / KLR
EPS -$0.002
DPS $0.00
Book Value Per Share $0.01

Broker Consensus

MMR is not covered by a major broker, or data from most recent compilation was omitted due to not meeting QA guidelines.

Announcements

Date Heading Pages File Size Time

Corporate Overview

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.

Incorporation Details

Incorporated was incorporated in Australia on 20 April 2005 in Western Australia.

Corporate Details

Head Office South Perth WA 6151
Website www.mecresources.com.au
Registry BoardRoom
Auditor Moore Australia Audit (WA)
Date Listed 29 May 2006

Upcoming Calendar (Forecasted)

Date Event
31/08/2022 Report (Prelim)
17/11/2022 Report (Annual)

Dividend History

DPS and Yield calculations use the Pay Date.

Ex-Date Amount Franking Gross Type Payable
No dividends paid.

See Upcoming Dividends for all ASX companies.

Directors & Management

Directors & Management

Name Title Since Bio
Mr Steven(Steve) Craig James Non-Executive Director Mar 2022

Mr Steven(Steve) Craig James

Non-Executive Director

Mr James has over 30 years' experience in the financial services industry having worked for Australia's banks as well as European and American institutions. Steve has a knowledge across foreign exchange trading, financial planning, capital raisings and stockbroking where he was a involved in developing Australia's wholesale broking business. Steve is an experienced company director across both listed and unlisted entities in operations from sporting bodies, financial services organisations and the property industry.

Mr David Leslie Breeze Managing Director Oct 2020

Mr David Leslie Breeze

Managing Director

Mr Breeze has 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 of over 70 companies. These capital raisings covered a diverse range of areas including oil and gas, gold, food, manufacturing and technology. In the past three years David has also held the following listed company directorships: Grandbridge Limited (from December 1999 to present, the company was delisted from ASX in February 2020) BPH Energy Limited (from February 2001 to present) and is a executive Director of Advent Energy Ltd.

Mr Anthony (Tony) Huston Non-Executive Director Oct 2020

Mr Anthony (Tony) Huston

Non-Executive Director

Mr Huston has been involved for over 40 years in engineering and hydrocarbon industries for both on and offshore exploration/development. Early career experience commenced with Fitzroy Engineering Ltd, primarily working on development of onshore oil fields. During the 1990's Tony managed JFP NZ International, a Texas based exploration company that included a jack up rig operating in NZ waters. In 1994 Tony oversaw the environmental consent process required to drill a near inshore well that was drilled from "land" into the offshore basin during 1995. In 1996 Tony formed his own E&P Company to focus re-entry of onshore wells, primarily targeting shallow pay that had been passed or ignored from previous operations. His recent focus (12 years) has been to utilise new technology for resource recovery and has been demonstrated in various fields, including US, Mexico, Oman, Italy, and Turkmenistan.

Mr Andrew Thomas Jones Non-Executive Director Sep 2020

Mr Andrew Thomas Jones

Non-Executive Director

Mr Jones has over 14 years of experience in financial markets and is an established Corporate Advisor with a demonstrated history of working within the finance industry. He has worked with various stockbroking and capital firms in Perth providing corporate advice to ASX companies. Andrew secured their initial funding and then secured Aziana as the acquisition company to complete a re listing on the ASX. He has worked primarily in the resources sector however has covered a range of other market sectors during his career raising capital and providing corporate advice and management. Recently, Andrew has been working with a few selected private companies to prepare them for a public listing on the ASX, whether that be a reverse takeover/backdoor listing or IPO.

Mr Robert Marusco Company Secretary Sep 2019

Mr Robert Marusco

Company Secretary

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.

Director Transactions

MMR directors must report any change in shareholding to the ASX within 5 business days.

See Director Transactions for all ASX companies.

Date Director Type Amount Price Value Notes
14/12/21 Douglas (Doug) Verley Transfer 10,396,100 $0.004 $41,584 Off-market transfer
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

Director Interests

The current holdings of MMR directors.

Director Last Notice Direct Shares Indirect Shares Options Convertibles
Steven(Steve) James 04/03/2022 0 N/A N/A N/A
Andrew Jones 30/06/2021 N/A 12,000,000 N/A N/A
David Breeze 30/06/2021 7,172,540 N/A 16,373,269 N/A
Robert Marusco 23/09/2020 N/A 35,792,200 N/A N/A
Anthony (Tony) Huston N/A N/A N/A N/A N/A

Shareholder Info

Top 20 Shareholders

Data supplied by Morningstar and accurate on Sep 28, 2021.

It's not possible to publish a real-time Top 20 Shareholder list. Companies are not obliged to report this data (with the exception of Substantial Shareholders above 5%). If a company chooses to publish the data, it's usually once a year in their Annual Report.

All data is manually compiled so there might be a delay between the Annual Report being published and the data appearing on Market Index (<7 days for ASX 300 and up to 30 days for micro-caps).

Name Shares Capital
Ms Louise Ann Jones 22,000,000 3.21%
Hsbc Custody Nominees (Australia) Limited 21,812,070 3.19%
Mr Adam Lee Conigliaro 21,250,000 3.10%
Here Capital Pty Ltd 20,792,200 3.04%
Eastwood Financial & Investment Services P/L G & E Super Fund A/C 16,400,742 2.40%
Marusco Investments Pty Ltd <Marusco S/F A/C> 15,000,000 2.19%
Mr Adam Lee Conigliaro (i) 15,000,000 2.19%
Hera Investments Pty Ltd 14,218,096 2.08%
Mr Andrew Stephen Evans 13,841,685 2.02%
Citicorp Nominees Pty Limited 13,038,048 1.90%
Mr Robert Anthony Healy 11,868,108 1.73%
Bujo Pty Ltd 10,000,000 1.46%
Griffiths Sf Pty Ltd <Griffiths Super Fund A/C> 10,000,000 1.46%
Mr Ross Coventry Barter 9,353,328 1.37%
Protax Nominees Pty Ltd <Richards Super Fund A/C> 9,000,000 1.31%
Mr Edward Yi 8,840,015 1.29%
Mr Matthew Battrick & Mrs Jayne Battrick <The Battrick Family A/C> 8,800,000 1.29%
Mr Michael John Sandy 8,800,000 1.29%
Ms Jessica Lanyon Brown 8,000,000 1.17%
Goodheart Pty Ltd <GBH A/C> 8,000,000 1.17%

Shareholder Distribution

As reported in the most recent Annual Report.

Holding Size 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001+ Total
No. of Shareholders 462 376 389 1,002 489 2,718

Substantial Shareholders

A substantial shareholder is a person or entity that owns 5% or more of the voting shares in a company. Shares can be held through multiple entities, so the Substantial Shareholders list differs from the Top 20 Shareholders list.

Shareholding changes less than 1% do not require notification to the market. When all “Last Notice” dates are identical, it suggests that no (or minimal) change has occurred since the most recent Annual Report.

Name Last Notice Total Shares Shares Held (%)
Advent Energy Ltd 17/12/2021 124,708,409 15.41

Shareholders Buying

12 month transaction history compiled from ASX announcements.

Date Name Bought Previous % New %
17-12-21 Advent Energy Ltd 124,708,409 -- 15.41

Shareholders Selling

12 month transaction history compiled from ASX announcements.

No sell transactions reported by Substantial Shareholders in the past 12 months.

Historical Data

Share Price History

Date Close Change %Chg Open High Low Volume Turnover

Historical Data

Year Closing Price Last Trade
2021 $0.004 30 June
2020 $0.004 30 June
2019 $0.005 28 June
2018 $0.017 29 June
2017 $0.03 28 June
2016 $0.029 28 June
2015 $0.019 30 June
2014 $0.037 30 June
MMR Historical Price Data (CSV)
Up to 20 years of EOD share price history
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