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3.33% 3.1¢ morella corporation limited

Ann: New Financing Package, page-17

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  1. Mindbender
    133 Posts.
    lightbulb Created with Sketch. 18
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    06/03/20
    19:04
    Post #: 43351111
    Someone help out a novice here.
    We are in full production, the interest rate on debt unchanged.

    Why do we need the additional possible equity? If we can't pay the interest now what's going to change in the future? Are we saying AJM won't survive unless lithium prices increase (even with our current floor cap in place)... If so, what what went wrong the initial feasibility study then?
    Last edited by Mindbender: 06/03/20
    AJM Price at posting: 6.3¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
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