MYL 0.00% 70.0¢ mallee resources limited

Ann: Conditional Non-Binding Proposal to Acquire All MYL Shares, page-34

  1. 2,176 Posts.
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    It’s worth remembering that Bawdwin is a globally significant resource and will be the largest lead mine in the world and largest silver mine in Asia. Albeit in an unstable country but it is a massive prize with which remains open in all directions and a DFS all but complete.

    It should not be gifted but if the offer is reasonable then a deal should be done. I expect the board to do what is best for shareholders and it is possible that they may retain it. New projects can be taken on and we retain the asset until circumstances change or until suitors agree that a low ball offer won’t cut it.

 
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