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70.0¢ mallee resources limited

At least now we have a game we were sitting on the bench since...

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Towie0

1,270 Posts.

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18/08/21

18:10

Post #: 55393697
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Originally posted by Kalenn: ↑

The offer will get a notice of meeting (I imagine within days) and this will give any other potential bidders 30 days to come up with a counter offer. Yintai or Perilya/Panaust are still potentials but probability unknown. Current offer is approximately A2.7c in MYL bank account. That would arrive 40 days approx after the deal is signed off on which would happen if no competing offer turns up and 50.1% of shareholders vote yes.

My 13 Million shares will be voting yes and praying Perilya and co want to up the offer in next 30 days. I have no interest in staying in a juanta run Myanmar. Will be interesting to see if Perilya and Panaust, who are well experienced at running operations in these types of environs will accept 2.7c for their share of MYL or would rather make a binding offer for the rest of Bawdwin that MYL hold.

As unpalatable as this offer is, it beats the only other current offer on the table that is unconditional. Loosing the tenement for not advancing a serious mining project on one of the best deposits in the world. Only Chinese or Burmese money will be game enough to tackle this now IMO.

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At least now we have a game we were sitting on the bench since the Coup started but now we get to play ball.

MYL Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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