You are right that cases have spiked. Initially in Rakhine State from mid-August, but parts of Yangon went into lockdown yesterday due to a big spike in cases, and Naypyitaw locked down a couple of hours ago as a precautionary measure, precisely to keep govt functioning.
This shouldn't have a major impact on regulatory decisions. Both MONREC and MIFER/MIC are confident users of Zoom (as yesterday's AusCham event demonstrated) so any clarifications needed from MYL can be done in that way. They don't need to travel to make any of the required determinations. And as I understand it, the MIC paperwork is drafted and basically ready to go. If anything, the bad Covid news means a greater need for good economic news -- because the public health implications of what is still a very small outbreak are pretty limited, while the economic impact could be significant.
All that to say, if a positive decision comes very quickly, then JL's ribbon cutting may have to be virtual. But the show will go on regardless, I believe.
- Forums
- ASX - By Stock
- COVID-19 & MYL
You are right that cases have spiked. Initially in Rakhine State...
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MYL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online