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4.8¢ morella corporation limited

AJM Speculation, page-180

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Cashmeoutside

3,047 Posts.

1821

05/11/18

16:35

Post #: 36394677
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Originally posted by buyhi ↑

You also said they wouldn't be around in January which was a ridiculous down ramping statement. The worst that will happen is they have to issue another 50m shares at 15c or borrow another $5m USD to get them through the next quarter.

Granted if that happens we will definitely see Think Millions 15 cps but they will not have to get the administrators in.

It's definitely a punt right now on whether they can actually produce and sell 20k tonnes between now and christmas. I wouldn't blame anyone for not being 100% sure that they can do it given the BOD's performance over the last 6 months...I'm definititely not confident.

If they do and they don't need to raise money they will be in the 30's IMO DYOR

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I said they won’t be around in “current form” in Jan - that is to say they will be taken out IMO, pure speculation. There’s no doubt the resource is required in the market - but with a current WACC around 15% and EV of $550m it would surely be attractive for someone with a much lower cost of capital to acquire. That’s all speculation.

AJM Price at posting: 19.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 4.8¢		Change 0.003(6.67%)		Mkt cap ! $11.12M

Open	High	Low	Value	Volume
4.8¢	4.8¢	4.8¢	$112	2.325K

Buyers (Bids)

No.	Vol.	Price($)
4	420553	4.4¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	51651	2

View Market Depth

No.	Vol.	Price($)
4	420553	0.044
1	10000	0.043
1	50000	0.042
6	241083	0.040
1	18000	0.039

Price($)	Vol.	No.
0.048	51651	2
0.049	102807	2
0.050	106779	6
0.052	1529	1
0.055	19390	2

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