MYL 0.00% 70.0¢ mallee resources limited

Ann: Voluntary Suspension Extension Request, page-9

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  1. 6,989 Posts.
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    The company didn't call a trading halt because of the political situation in Myanmar. It called a halt because it needs to clarify what the new political situation in Myanmar may mean for the project (i.e. so it can manage its continuous disclosure obligations).

    This clarification could potentially happen in the short term (e.g. if the government gives detailed advice about the permitting process/outcome or the company receives information re financing options etc)

    At the moment, the only people with reliable access to market sensitive information affecting the future of the company are the junta themselves and their business cronies. It's not fair for the stock to be trading when the table is tilted so far in their favour.
 
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Currently unlisted public company.

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