I'm pretty sure there are at least some sanctions in place against the Burmese military leadership (travel restrictions, ban of personal business dealings, confiscation of assets etc). These will no doubt be intensified, but I think western powers will be reluctant to introduce any new sanctions that harm the Burmese public (e.g. broad based trade restrictions)
By far the biggest risk arising from the coup is the difficulty the project will now face to secure project finance. I just don't see how any western funds would be prepared to sink capital into Mynamar after all this has happened (due to perceived business risk and concerns about reputational damage). That limits our financing options massively. No finance = no project
- Forums
- ASX - By Stock
- Trading Halt / Suspension
I'm pretty sure there are at least some sanctions in place...
-
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MYL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online