Now this makes me extremely bullish in the long term.
Initially got involved here expecting (not hoping) that a TO would occur early at some stage and we'd be able to make it out of here with a handsome profit. However tangible acquisitions/partnerships like this illustrate that the BOD and sophs want to be operating here for many years to come.
If the JV structure can hold true without any parties stepping on toes this will signal Myanmar is open for business. With such a strong first mover advantage you could see MYL in the next 5 to 10 years with multiple tier one assets under their belt and the company being compared to the likes of BHP and RIO.
GLTAH
MYL Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held
