News: MYL Shenzhen Zhongjin Lingnan Nonfemet's Unit To Buy 19.9 Pct Stake In Myanmar Metals, page-18

Beware the emergence of a Chinese shareholder on the register. Sure it is a vote of confidence in the project but remember recent past history (DML, CDU, etc etc) in the Australian resource sector, where Chinese investors have taken a cornerstone position, then often followed up with NON-Binding indicative takeover offer and slowly taken control of the company before the full value of the asset was realised for shareholders.

I am not saying that it is not a positive outcome, if it happens, but we need to remember recent history and the Chinese way of doing business (which is very long term and for their interests first and foremost) and be aware of the potential end game. In the meantime, it is a positive to the extent that the funds are raised to exercise the option and to progress the PFS.