MYL 0.00% 70.0¢ mallee resources limited

Ann: Voluntary Suspension Extension Request, page-53

  1. 21 Posts.
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    Sorry if I mislead you, but I banked a loss. I had held for a long time.

    I considered the political situation the highest risk and it was my main worry. Loved the asset and potential. From early days I saw the talk of processing the easy stuff as testing risk. MYL would have to get agreements in place with government/military over money. What I kept hearing was more drilling and exploration, so yes I bailed out.

    How unusual this is depends on perspective. If you thought a coup in Myanmar was left field, then yes. Otherwise the biggest most obvious risk came into play. It isn't a completely different government if you read the independent analysis others have already posted.

    If MYL management are in negotiation with a buyer, you are right on the trading halt. If they aren't working on something tangible then it should be trading. To it's credit MYL dealt with the issues they could control within the first week or so. Now it just drags on.
 
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