1MC 1.56% 3.3¢ morella corporation limited

Ann: Altura Completes October Shipments of Lithium Concentrate, page-95

  1. 4,309 Posts.
    lightbulb Created with Sketch. 1253
    Imagine if AJM sold 50% of there deposit. Funny bloke who thinks there is no get out of jail card here. August next year is when the debt cash is due last I checked.

    At 130 mill MC with fairly good production going on, this could also get a takeover offer from 200-400 million IMO.

    If AJM gets a 10-20% spod price increase(like it appears MIN already has achieved in Q4)... A 100-150 mill sale for 50% or so of the deposit, after going cash positive would definitely put a fire under the ass of this stock.

    This is definitely a possibility and I don't hold AJM and probably never will.

    All my opinion. DYOR!!
 
watchlist Created with Sketch. Add 1MC (ASX) to my watchlist
(20min delay)
Last
3.3¢
Change
0.001(1.56%)
Mkt cap ! $7.908M
Open High Low Value Volume
3.2¢ 3.3¢ 3.2¢ $575 17.96K

Buyers (Bids)

No. Vol. Price($)
2 3498 3.2¢
 

Sellers (Offers)

Price($) Vol. No.
3.3¢ 35424 3
View Market Depth
Last trade - 12.51pm 13/08/2024 (20 minute delay) ?
1MC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.