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7.0¢ myanmar metals limited

Yes and this company has form. It's definitely a positive to the...

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densamer

1,193 Posts.

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25/05/18

07:49

Post #: 33301325
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Originally posted by Dr Jonathan West ↑

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.

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Yes and this company has form. It's definitely a positive to the extent we avoid raising a big chunk from instos.

MYL Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
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