1MC 3.03% 3.2¢ morella corporation limited

Ann: Suspension from Official Quotation, page-102

  1. 3,461 Posts.
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    Know matter who says what... I still fail to see how anyone is going to make money purchasing this stock. I don’t have anything against it but with 4.5 billion shares on the market and the company still has all of its original debt plus it has lost the interest payments already paid to date. Plus it has lost all its productihttps://hotcopper.com.au/data/attachments/1934/1934633-5be49a206693c105d143877f9e88b605.jpg
    on from when it was commissioned up until now, with the Lithium price being so low compared to what it expected. It is going to take 18 months to start up phase 2. The figures below are probably closer to 3.5 billion au dollars now as they have not made any money yet... wasted the resource mined to date and still owe $200 million au plus internet and still got to pay for phase 2. I have to be realistic in making a decision to invest or not to. There is so much Lithium available that will be brought back on line which will keep the price at a steady level over the next few years.
    This was published by AJM not me. Their expectations and the reality is so far apart. I researched all weekend and unfortunately I just cannot convince myself to re invest back into AJM.
 
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