MYL 0.00% 70.0¢ mallee resources limited

Trading Halt / Suspension, page-19

  1. 6,945 Posts.
    lightbulb Created with Sketch. 1338
    I'm pretty sure there are at least some sanctions in place against the Burmese military leadership (travel restrictions, ban of personal business dealings, confiscation of assets etc). These will no doubt be intensified, but I think western powers will be reluctant to introduce any new sanctions that harm the Burmese public (e.g. broad based trade restrictions)

    By far the biggest risk arising from the coup is the difficulty the project will now face to secure project finance. I just don't see how any western funds would be prepared to sink capital into Mynamar after all this has happened (due to perceived business risk and concerns about reputational damage). That limits our financing options massively. No finance = no project
 
watchlist Created with Sketch. Add MYL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.