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70.0¢ mallee resources limited

And Myanmar Metals as a company having to stump up 51% of any...

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ClenAndTren

377 Posts.

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21/11/20

14:35

Post #: 49039265
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Originally posted by PGFin: ↑

Tikka thanks for your comprehensive report.

For parties which would love to get their hands on Bawdwin "by any means", that sweet spot of opportunity is approaching. With a fully permitted project and DFS about to be dropped we have a major de-risking event. One would assume that a company looking to acquire Bawdwin has a goal to acquire a long term supply of the inground metal. Therefore, if a takeover offer is made then that will be prior to off take agreements being agreed.

With finance and offtake discussions in advanced stages it places us in a sweet spot for corporate action.

DFS will be eagerly anticipated and the upside to economics that it brings. Those companies in the data room will have a nose for this and also the upside on further exploration.

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And Myanmar Metals as a company having to stump up 51% of any equity component to project financing isn't exactly a significant hurdle.

Large companies would be able to fund this sum with ease. Even if we did do it ourselves and go into production, some more dilution would be acceptable given dividends and share buybacks should follow.

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

0 Great analysis

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