this will have to be accompanied by another announcement. As has been mentioned we have lots of cash so this is either to fund another purchase or to fund development. Don't discount the cap raise coming at above market prices due to the material nature of it. Could be another big player coming in to gain a foothold? If it's none of these I'm expecting a sell down in the sp, as management have been clear they don't need the funds so would be a very strange move. I expect to see this coupled with the PSA and DFS ready for MIC application
MYL Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held