MYL is due to achieve its most value accretive milestones in the current half. Foremost will be attaining approvals from the Myanmar Investment Commission (MIC), which outlines the economic terms of the operating licence and enables MYL, as a foreign entity, to be the majority owner and operator of the project. MIC documentation is due to be lodged in February 2020 with final approvals anticipated April/May 2020
This IMO will be the biggest catalyst yet seen...........no mean feat getting this one over the line and a massive boost for MYL and Myanmar alike. Sovereign risk will effectively be put to bed and the investment community will raise eyebrows
GLTA
The DFS will be all cream on top and then the battle starts as BOD ward off T/O offers....................My Crystal ball view on how this might eventuate commencing June 2020
Cheers and GLTA
MYL Price at posting:
4.9¢ Sentiment: Buy Disclosure: Held