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COVID-19 & MYL, page-4

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damosid88

631 Posts.

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02/09/20

21:19

Post #: 47037206
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Originally posted by Richard1973: ↑

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.

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Richard’s assessment rock solid. DFS is 99% complete and just waiting reg tick off as he outlined.

MYL Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
7 Upvote

0 Great analysis

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