I still think that a Chinese backed T/O attempt is real and hence comes with some risk ..............in saying that, still early days but if/when licence is issued and DFS completed.................fending off T/O offers will become frequent............the only thing that placates me is that the sp should be closer to 20c at a minimum and the T/O offer would have to be at least double that
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Argonaut Research Note on Myanmar, page-31
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