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kingkev

27,522 Posts.

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21/05/20

14:51

Post #: 44753317
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Originally posted by ClenAndTren: ↑

I assume Perilya will be able to trade shares on the market and initiate corporate action like any other company, subject to normal provisions in the Corporations Act.

Perilya might even think it prudent to exercise more patience and wait until all of the permitting is in place, so that any takeover doesn't jeopardize these important hurdles.

If we agree that a corporate takeover before production is the most likely route ahead of us, then I think it vital John Lamb recently acknowledged his view on value around the Bawdwin mineral province.

In the most recent Shareholder Newsletter, John Lamb outlined three ways we could try to ascertain Myanmar Metals intrinsic value:

Net Assets -

NPV + Cash + Exploration Upside - Risk Factor

approx. A$450m + A$15m + Exploration Upside - Risk Factor = $0.26 per share.

Peer Comparison -

"3x undervalued relative to our peer group"

Industry Comparison -

Arizona Mining Transacted at A$143 tonne of contained lead equivalent metal.

A$143 x 4,868,000 MYL contained lead equivalent metal = A$696m / $0.39 per share.

I have no better view of what will happen in the future than anyone else here, but examples like these serve as a basis for management to "insist" on fair value.

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would like to know how much is attributed to these................... Exploration Upside - Risk Factor to get to 26c a share

Perception of risk according to the market might be very different to BOD perception of risk...................is this why we are at 5c and not at 8c before MIC approval ?

MYL Price at posting: 5.1¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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