And I guess NK we will never convince those who have sold that it may not have been the wisest decision.
Each to their own and I continue to accumulate. Wonderful thing about markets, you can buy and sell and we all think we are right.
In your licking of the finger and holding it to the wind you leave an enormous amount of fact out of the debate. Not least that the Myanmar government will make far more out of this venture than the MYL share holders. It was designed from the beginning as a win-win and is a large part of the reason why we are and will be strongly supported by the government. Obviously, other companies like ANZ, Woodside, Unilever, Ford, Trafigura and an increasing number of multinationals from countries such as Japan, Korea, Thailand, etc view Myanmar as an opportunity.
I have not only visited Myanmar on a number of occasions, I have also visited cities and towns in the region of the mine. I might even have the odd Myanmar friend and access to other country based information that helps inform my decisions. Myanmar has a major need, foreign capital and expertise, that is precisely what they are getting with MYL. International companies also negotiate based on trade treaties that protect them against illegal usurping of assets: Enforced by access to international courts and country assets in multiple jurisdictions. I, for myself, believe there is minimal risk in MYL for the above reasons and many points debated above by other posters.
While I wish you good luck with your gold explorer, I could easily put forward an argument for the 'usurping' of capital that could happen with that company ... capital raisings, not finding anything with the drill, lifestyle directors, uneconomic deposits etc. One in a hundred chance of an explorer becoming economic, one in a hundred chance of MYL losing out.
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