It is not yet known where polling will be cancelled - that announcement will only come in October. (There have been some misleading press articles on this.) Cancellations are likely to be considerable, but unlikely to affect the areas around the mine.
What this means for MYL is that Myanmar is firmly in election season. That is both good and bad. Good, as dirtangel says, because there will be an incentive to generate as much good news as possible between now and 8 Nov. Bad, because decision making will now start to slow down as the focus shifts to politics. Also, any decisions are now subject to more opposition criticism (even if invalid/unfair) because of the competitive election environment.
Bottom line: last week's election date announcement is likely to give a tailwind over the next couple of months for MYL's PSA and MIC approval. The full campaign period is likely to be announced for 8 September. After that, politics will likely take over and there will be a headwind for those decisions. So fingers crossed for an MIC decision in July/Aug. I remain hopeful.
MYL Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
