So MYL is not in the MIC pipeline - there are currently no...

So MYL is not in the MIC pipeline - there are currently no mining investment proposals in the pipeline, according to MIC. They define their pipeline as applications lodged with MIC but not yet approved.

MIC are keen to approve everything in the pipeline quickly (within September) because they have set themselves a target for approved FDI in this FY, which ends 30 September. They will meet (slightly exceed) this target if they approve most/all of the proposals in the pipeline. (But this is all just numbers - some of the approved FDI will never materialize, because of Covid or other factors.) So in that sense, MYL has missed the approvals rush at the end of the FY.

BUT there is another reason that MIC wants to process applications quickly, and that is the economic effect of Covid (second wave hitting Myanmar now, and much of Yangon in lockdown as of today), and the November elections. So there is no reason to believe that missing the end of Myanmar's FY (which would always have been a totally artificial target) will in any way slow down the processing of MYL's MIC permit, once it lodges its application.

AND for shareholders, any delay in MIC processing over the election period will be more than compensated for by the likely share price surge when MYL announces that it has submitted to MIC.

DYOR etc.