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3.2¢ morella corporation limited

Ann: Quarterly Activities Report, page-22

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WR888

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31/01/18

18:44

Post #: 30713113
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Originally posted by ConnerEx ↑

I think this is a good buy..jumped in today and acquired quite a few...I see amazing similarities to PLS except for the resource size (I hold PLS as well). I believe AJM will follow PLS SP growth path shortly...the battery grade samples the biggest plus, the Pilgangoora region and closeness to transport, fantastic hassle-free build out atm, BOAs and likelihood of more to come soon, nice size ROM to kick things off, expansion to 4mtpa, management taking a measured approach, will time beat the over supply problem "IF" it occurs, reasonable tight top end register atm, funded to cash in the door stage, MCap appears understated compared to stage of company production cycle and SOI, stable sovereign risk environment etc..you all know this. I can envisage a significant re-rate and upgrade generally when the first major high grade (99.98%) shipment is confirmed...just months way. Also any JV with downstream battery manufacturers a huge boost...management must be looking at this currently..all in all a good bet IMO.

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Great explanations/sum-up of AJM there,... there are some prbs currently with Optimumnano in Shenzhen, which is a major shareholder, and who has been targeted to buy the Li produce,....How about the effect from this ?

AJM Price at posting: 37.0¢ Sentiment: Hold Disclosure: Held
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Last 3.2¢		Change 0.001(3.23%)		Mkt cap ! $8.922M

Open	High	Low	Value	Volume
3.1¢	3.2¢	3.0¢	$24.72K	794.8K

Buyers (Bids)

No.	Vol.	Price($)
5	425276	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	288966	1

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No.	Vol.	Price($)
4	225276	0.030
3	465677	0.029
3	85701	0.028
1	61938	0.027
1	37074	0.026

Price($)	Vol.	No.
0.032	288966	1
0.033	374442	2
0.035	200000	1
0.036	500000	1
0.040	40000	1

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