MYL - Mallee Resources

[Dona Ferentes]

I just have serious doubts about minnow miner wanna-be's and, how shall we say, non first world countries. Somehow the relevant Minister for Economic Development and the supplicant company tend not to have the same timeline or even understanding of the agreement, understanding, arrived-at handshake position.

The local Ambassador, even if there is one in-country, won't go into bat for you. It may be risk and reward, but are all the risks accounted for or even understood?

- as a general rule, AVOID is the sensible default position.

 

[Garpal Gumnut]

I just have serious doubts about minnow miner wanna-be's and, how shall we say, non first world countries. Somehow the relevant Minister for Economic Development and the supplicant company tend not to have the same timeline or even understanding of the agreement, understanding, arrived-at handshake position.

The local Ambassador, even if there is one in-country, won't go into bat for you. It may be risk and reward, but are all the risks accounted for or even understood?

- as a general rule, AVOID is the sensible default position.

It has 1.77bn shares. That is billion shares.

So any believers in good governance in that corner of the world better get in quick.

gg

 

[Chronos-Plutus]

Hi Trav and Chronos-Plutus,
Thanks for your input.
Like CP I believe that Myanmar is significantly underappreciated and the current focus of the MIC on labour intensive/mining projects is pleasing to hear.
Once permit approvals are obtained, I envisage a re-rate of the SP as many bigger investors may be cautious to invest before MIC approval.
My outlook is longterm, probably at least 3 years, but I am expecting the SP to rise before the end of the year upon and after approval of the MIC.
Thanks and GLTA

Myanmar Metals has enormous potential considering:

- That the Bawdwin mine is a world class deposit, anticipated to be the 3rd largest lead mine and a top 10 silver mine; in the world.
- John Lamb is a brilliant CEO who constantly maintains a strong connection and channel of communication with the shareholders; every month or so he releases a personal news letter. You will find the latest here: https://assets.ctfassets.net/hnlfgs...8ab49fae02ee67/200417_MYL_Investor_Update.pdf
- The Bawdwin project is backed by Mark Creasy, who is an exceptional mining entrepreneur: https://en.wikipedia.org/wiki/Mark_Creasy
- Myanmar Metals has partnered with local entities, WMM and East Asia Power (Mining) Company Limited (EAP), to get the Bawdwin mine into production.
- There are strong signs and actions by the Myanmar government that it is opening up with the Ministry of Natural Resources and Environmental Conservation (MONREC), announcing recently that it will be approving 158 mining applications: https://www.mmtimes.com/news/new-mining-permits-be-be-approved-soon-ministry.html
- Many global investors have been looking to invest in Myanmar for a while now, like Jim Rogers: https://www.mining.com/jim-rogers-says-myanmar-is-an-astonishing-opportunity/

 

[Chronos-Plutus]

It has 1.77bn shares. That is billion shares.

So any believers in good governance in that corner of the world better get in quick.

gg

I tend to find it important to look at the market cap. As it is the market cap that is used in the equation to determine enterprise value, not the number of shares on issue.

 

[Chronos-Plutus]

I just have serious doubts about minnow miner wanna-be's and, how shall we say, non first world countries. Somehow the relevant Minister for Economic Development and the supplicant company tend not to have the same timeline or even understanding of the agreement, understanding, arrived-at handshake position.

The local Ambassador, even if there is one in-country, won't go into bat for you. It may be risk and reward, but are all the risks accounted for or even understood?

- as a general rule, AVOID is the sensible default position.

The Australian and Myanmar governments now have a strong diplomatic channel with the ASEAN-Australia-New Zealand FTA: https://aanzfta.asean.org/

As for timelines: the Ministry of Natural Resources and Environmental Conservation (MONREC), announcing recently that it will be approving 158 mining applications: https://www.mmtimes.com/news/new-mining-permits-be-be-approved-soon-ministry.html

 

[Chronos-Plutus]

Hi Trav and Chronos-Plutus,
Thanks for your input.
Like CP I believe that Myanmar is significantly underappreciated and the current focus of the MIC on labour intensive/mining projects is pleasing to hear.
Once permit approvals are obtained, I envisage a re-rate of the SP as many bigger investors may be cautious to invest before MIC approval.
My outlook is longterm, probably at least 3 years, but I am expecting the SP to rise before the end of the year upon and after approval of the MIC.
Thanks and GLTA

Hey mate,

Myanmar Metals looking good. Cobalt and Copper found in the ER Valley.

https://www.asx.com.au/asxpdf/20200526/pdf/44j3nf684v0j63.pdf

 

[Chronos-Plutus]

Hi Trav and Chronos-Plutus,
Thanks for your input.
Like CP I believe that Myanmar is significantly underappreciated and the current focus of the MIC on labour intensive/mining projects is pleasing to hear.
Once permit approvals are obtained, I envisage a re-rate of the SP as many bigger investors may be cautious to invest before MIC approval.
My outlook is longterm, probably at least 3 years, but I am expecting the SP to rise before the end of the year upon and after approval of the MIC.
Thanks and GLTA

This is it; they are with us, or they sell now.

I believe in in the Myanmar Government, I believe in the resource, and I believe in the MYL management team.

Time to walk away now if you wish!

 

[Garpal Gumnut]

This is it; they are with us, or they sell now.

I believe in in the Myanmar Government, I believe in the resource, and I believe in the MYL management team.

Time to walk away now if you wish!

I do worry sometimes about stocks where people over-identify their holding in that stock with a sense of belonging. Once "we" get a signoff, join "us" etc. etc.

Belief is important in investing.

However belief in a range of entities.... such as a commodity or commodities, a project, a mine, a CEO, a board, a third world government prone to casting three quarters of a million people in to a swamp, a minister acting for said government making a decision, the stability of that country, a neighbouring super power on whom the first government is dependent in one way or another for power, transport and market,..... is probably stretching it a bit.

Not that I won't be watching this stock. Just saying. Beware of Greeks bearing gifts. As @Dona Ferentes pointed out above.

I just have serious doubts about minnow miner wanna-be's and, how shall we say, non first world countries. Somehow the relevant Minister for Economic Development and the supplicant company tend not to have the same timeline or even understanding of the agreement, understanding, arrived-at handshake position.

The local Ambassador, even if there is one in-country, won't go into bat for you. It may be risk and reward, but are all the risks accounted for or even understood?

- as a general rule, AVOID is the sensible default position.

gg

 

[Chronos-Plutus]

I do worry sometimes about stocks where people over-identify their holding in that stock with a sense of belonging. Once "we" get a signoff, join "us" etc. etc.

Belief is important in investing.

However belief in a range of entities.... such as a commodity or commodities, a project, a mine, a CEO, a board, a third world government prone to casting three quarters of a million people in to a swamp, a minister acting for said government making a decision, the stability of that country, a neighbouring super power on whom the first government is dependent in one way or another for power, transport and market,..... is probably stretching it a bit.

Not that I won't be watching this stock. Just saying. Beware of Greeks bearing gifts. As @Dona Ferentes pointed out above.



gg

Many people have an antiquated view of Myanmar. Myanmar has come a long way in just a decade and is now opening up.

A sense of belonging as an investor in a listed entity is quite rare today.

Just like all junior mining companies; you either trust management and buy the story, or you don't.

I trust management, trust that Myanmar has changed and is on a trajectory of opening up to bring greater prosperity to their people, and I have trust in the project/resource.

Australia has built diplomatic relations with Myanmar over the last decade and Myanmar is part of the ASEAN Economic Community.

There is greater sovereign risk investing in jurisdictions like Australia when looking at Queensland and Adani.

 

[explod]

Got into this today. My first trade in a number of years but the surging price of silver did the trick.

The volume already today nearly above yesterday.

 

[Chronos-Plutus]

Got into this today. My first trade in a number of years but the surging price of silver did the trick.

The volume already today nearly above yesterday.

I have been a shareholder in MYL for a while and I will be holding for years to come; as I believe in the company, the management, the resource and the nation of Myanmar.

Today's presentation:
https://www.asx.com.au/asxpdf/20200728/pdf/44kx042y1blndz.pdf

 

[Chronos-Plutus]

Got into this today. My first trade in a number of years but the surging price of silver did the trick.

The volume already today nearly above yesterday.

The core investors are long term holders in MYL, like me.

There will be grubs that attempt to buy up and sell down the stock, for a quick trade; I am not one of them.

 

[warthogjump]

This is it!!
MYL on the radar now - 100% up in a few months definitely cannot complain!
As you said, there are PLENTY of LT holders in MYL, now is definitely not the time to be selling for a profit with MIC, PSA and DFS all around the corner. In addition, each of the price sensitive announcements has the potential to further offtake negotiations with financiers in the region. The future for MYL is looking very bright indeed. Lots of action to happen in the upcoming months leading up to the elections in Myanmar.

 

[Chronos-Plutus]

This is it!!
MYL on the radar now - 100% up in a few months definitely cannot complain!
As you said, there are PLENTY of LT holders in MYL, now is definitely not the time to be selling for a profit with MIC, PSA and DFS all around the corner. In addition, each of the price sensitive announcements has the potential to further offtake negotiations with financiers in the region. The future for MYL is looking very bright indeed. Lots of action to happen in the upcoming months leading up to the elections in Myanmar.

I bought in a 4 cents around a year ago, holding around ~450000 share; and I sold out at 10 and 11 cents recently. Management taking too long; I will buy back in mid next year hopefully. I had to redeploy my capital to other stocks that are progressing quicker.

 

[warthogjump17]

Congratulations on the trade, sounds like an excellent profit! Although I thought you were one of the long termers? Now seems like an excellent entry point, by mid next year I would imagine MIC and DFS are complete with many more exploration results and may be well north of 10c by end of quarter one IMHO

 

[bluekelah]

I just got some at open today due to silver rush. Whats with the sudden drop in price and trading halt?

 

[wabullfrog]

I just got some at open today due to silver rush. Whats with the sudden drop in price and trading halt?

Possible contributing factor?

Myanmar leader Aung San Suu Kyi urges people to reject 'dictatorship' after military declares control

After being detained in an early morning military coup, the leader of Myanmar's democratically elected ruling party urges "people not to accept this, to respond and wholeheartedly to protest against the coup by the military".

www.abc.net.au

 

[bluekelah]

Possible contributing factor?

Myanmar leader Aung San Suu Kyi urges people to reject 'dictatorship' after military declares control

After being detained in an early morning military coup, the leader of Myanmar's democratically elected ruling party urges "people not to accept this, to respond and wholeheartedly to protest against the coup by the military".

www.abc.net.au

damn my first immediate writeoff. Lol... hope bidens sanctions threat works to restore democracy.

 

[qldfrog]

damn my first immediate writeoff. Lol... hope bidens sanctions threat works to restore democracy.

democracy is not always the best for mining stock..just saying

 

[Garpal Gumnut]

I do worry sometimes about stocks where people over-identify their holding in that stock with a sense of belonging. Once "we" get a signoff, join "us" etc. etc.

Belief is important in investing.

However belief in a range of entities.... such as a commodity or commodities, a project, a mine, a CEO, a board, a third world government prone to casting three quarters of a million people in to a swamp, a minister acting for said government making a decision, the stability of that country, a neighbouring super power on whom the first government is dependent in one way or another for power, transport and market,..... is probably stretching it a bit.

Not that I won't be watching this stock. Just saying. Beware of Greeks bearing gifts. As @Dona Ferentes pointed out above.



gg

And thus it came to pass.

gg