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27/10/20

12:17

Post #: 48417082
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Originally posted by kingkev: ↑

As a result, the final post-option exercise ownership of equity in Bawdwin between the three
parties will be MYL 51%, EAP 24.5% and current shareholders WMM 24.5%. This places total
ownership by local Myanmar companies at 49%, with MYL retaining a majority interest and
management control over the construction, development and operation of Bawdwin.
EAP will acquire the rights to Bawdwin in return for reimbursing MYL’s costs to date on a pro
rata basis. MYL will likely be reimbursed approximately US$1.4 million in the near term as a
result. EAP will contribute pro rata to all future costs including the Bawdwin option exercise
fee of US$20 million. MYL’s contribution to option fee reduces to US$13.9 million. WMM’s
carried interest in the project will be repaid from future dividends.

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Thanks to the knowledgables for making sense of these interconnections - modern corporations are much more complicated than simply digging for the right rocks.
Anyone of you done the calcs on Perilya's % and of Creasy's % after this CR? Would be nice to know the lay of the land going forward.
Further things to mull over ...do we need to keep an eye open for PanAust eventually? I understand that Perilya + PanAust's common owner has expressed some preference that PanAust get more involved in future. Nothing has appeared in any documents to my knowledge. However any future involvement by PanAust would not necessarily take place via a transparent public shareholding position...
GLTAH important elections looming in several places.

MYL Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
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