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    MYL   AU000000MYL5

MALLEE RESOURCES LIMITED

(MYL)
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Myanmar Metals Reportedly Looks to Divest Bawdwin Assets

07/21/2021 EDT

Myanmar Metals Limited (ASX:MYL) is seeking to sever ties with Myanmar due to the unstable political situation in the country after the military coup in February, as it was informed by MYL July 21. MYL postponed potential acquisitions in Myanmar and, as a result, was left with only 51% in the Bawdwin project for the production of silver, lead and zinc. Due to political tensions, which are particularly acute in the northern Shan state, where the Bawdwin project is located, and the growing number of cases of COVID-19, MYL is currently unable to implement the project. In addition, due to the political situation, it is impossible to finance the project, since all interested parties refused to implement it. MYL has cash resources in the amount of $11.4 million, but the pre-production capital required for the development of Bawdwin is estimated at over $300 million.


© S&P Capital IQ 2021
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Financials
Sales 2021 - - -
Net income 2021 -8,64 M -6,45 M -6,45 M
Net cash 2021 10,6 M 7,92 M 7,92 M
P/E ratio 2021 -15,1x
Yield 2021 -
Capitalization 133 M 99,4 M 99,3 M
EV / Sales 2020 -
EV / Sales 2021 -
Nbr of Employees -
Free-Float 61,9%
Chart MALLEE RESOURCES LIMITED
Duration : Period :
Mallee Resources Limited Technical Analysis Chart | MYL | AU000000MYL5 | MarketScreener
Income Statement Evolution
Managers and Directors
John Lamb Executive Chairman & Chief Executive Officer
Rowan Saint John Caren CFO, Secretary & Executive Director
Jeffrey John Moore Executive Director
Paul Erwin Albert Arndt Non-Executive Director
Boon San Teo Non-Executive Director
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