1MC 2.27% 4.3¢ morella corporation limited

PLS and AJM must be talking

  1. 238 Posts.
    lightbulb Created with Sketch. 31
    Both have world class deposits of hard rock spodumene
    Both are about a year away from digging it out of the ground
    Both deposits are probably within 1 or 2 kilometers of each other
    Both companies don't have the money to build their mines

    Why build two almost identical AUD$100M mines within 1 or 2 kilometers of each other?

    At this stage of the PFS and DFS it would be mad not to talk to each other about merger/takeover.
    (I have no idea, just speculation. Duplication of mines so close to each other is a waste)

    If they were to merge or one take the other over I'd expect it to happen soon.

    Mama Huhu
 
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