Ann: Corporate Update, page-42

The company raised from institutional investors at 7.6c not so long ago, when the silver price was surging and geopolitical risk seemed (to many) a total non-issue. I'd be interested to hear ideas about why a T/O price would be north of this figure at the current time?

I recognise T/O offers normally arrive with a sweetener to entice shareholders to agree, but considering the current political imbroglio and uncertainty, tempered expectations (in the mainstream investment community) re precious metals over the forward years, and the company's obvious desperation to exit Myanmar, I assume a T/O premium won't be involved

I suspect there'll be very few (and possibly zero) interested buyers at the present time. They will naturally try to buy the project at the cheapest possible price (including by waiting until MYL's finances and patience run out). Ultimately, MYL must be prepared to walk and go-it alone if it can't obtain a reasonable price