Capital has been getting tighter all through 2022, interest rates moving up, inflation moving up; cash is becoming king.
So those with the money will be demanding more, this is also because the overall global investment environment has become considerably more risky.
I rarely post but have held for some time, so have to say that I am just grateful that JL and mngmt here have been able to conjure what they have so far.
The developments in Burma were what you would call a black swan, a very disappointing outcome which had nothing to do with mngmt, so we wait for MAI to come across with US$10.2m - I'm not holding my breath, but I live in hope.
In the meantime MYL have got a Ni Sulphide mine up and running, I would like to know more about production, AISC, quantity of Ni stored at Burnie, and hope JL and Co can be forthcoming with that.
But all ends up - I am happy to be still in the game with MYL, because it looked pretty grim to me after what happened in Burma - the old sovereign risk factor, and just when Bawdwin was looking very promising.
MYL Price at posting:
70.0¢ Sentiment: Hold Disclosure: Held
