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and I was talking about the government's direct benefit.Both...

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Kalenn

10,591 Posts.

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20/11/20

16:39

Post #: 49026327
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Originally posted by ConnerEx: ↑

Ok..my point was that, assuming the JV partner WMM is effectively owned and operated within Myanmar, the income returned to that entity will benefit Myanmar is some direct way. The other partner (EAP) is effectively foreign owned (I think) so their share goes elsewhere. So based on your figures , the Myanmar people or entities end up with about 60%...point being it's a fair and equitable deal for Myanmar. I am just hoping the delay is actually due to Covid related matters and not some other squeeze going on. I decided to make another risk/reward assessment today and felt confident enough to pick up a further million units.

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and I was talking about the government's direct benefit.

Both local partners are Burmese. So via that extension they end up with even more.

I'm on the hunt for more also...a modest delay and it gets sold off by several percent, can't resist

MYL Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
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