I note the Drs concerns about the Chinese co's power ironically it's the Australian co. they took over.
But I think this is the great outcome for what is a mega dilution event. I think there's little doubt there's a lot of confidence Bawdwin will be mined again.
The key Line being
"Perilya has provided MYL with a non-binding Letter of Support to assist in
arranging finance of up to US$150 million for the future construction of the Bawdwin project."
I like this too...
"The Alliance includes provisions for MYL to gain technical assistance, future financial support and assistance with procurement, processing and metals marketing from Perilya and its parent Zhongjin Lingnan."
Glad Creasy is increasing his stake.
MYL Price at posting:
5.8¢ Sentiment: Buy Disclosure: Held