Anyone noticed in the MMR annual report section on the section twenty largest shareholders & listed option holders in MMR .... Looks like GBA takes out the honours.
Expect GBA will pick up some nice tax exempt gains by virtue of MMR being a Pooled Development Fund.
On the GBA annual report (refer page 4 of 76 of PDF) quote "Grandbridge holds 14% of MEC Resources & 8.75% of Advent Energy"
I am wondering how they came up with GBA owning 14% of MMR when as per MMR annual report under the Twenty largest shareholders it shows GBA with 8.18% of MMR shares & under the Twenty largest listed option holders it shows GBA with 14.26% of MMRO (MMR options).
Anyhow with GBA owning 8+% in MMR & 8.75% of Advent Energy my sentiment is that GBA is well overdue for share price re-rating.
GBA Price at posting:
32.5¢ Sentiment: LT Buy Disclosure: Held
