GREY:MYMMF - Post by User
Comment by
WeeblesWobbleon Dec 26, 2018 12:53pm
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Post# 29157694
RE:MYM out of Australia for now?
RE:MYM out of Australia for now?MYM is still involved in AUS with Sunmark Growth. Sunmark is prep'ing AUS licence applications. IMO MYM decided that appealing rejection of Solaris licence applications is not worth the time or money to pursue. Does beg the question of exactly how the Solaris application process went off the rails. That said, MYM was a minority "partner" with little control/influence over the process. Better move may be to work with new "partner" Sunmark even though its back to Square 1.
Personally, I would love to know what some of the major conditions/milestones are which would trigger acquisition of 49% of Sunmark. We could then determine the level of financial resources to be committed to the Sunmark project. May have to wait for next quarterly financial statements.