1MC 3.13% 3.1¢ morella corporation limited

CR required

  1. 1,144 Posts.
    lightbulb Created with Sketch. 23
    Not trying to down ramp here by the way.

    I think AJM need to do another CR. The reason I think this is because of the following

    * PLS stated in the PFS that the cost to produce the DFS was 5.8M (assume similar costs for AJM).
    * Drilling I estimate will be between 1-2M depending on how much they want to drill (starts this quarter ).
    * PLS spent 6M to raise the 100M (assume similar costs for AJM).
    * Ongoing costs (approx 500k-1M between now and plant construction).

    They have 14.3M placement shares left before they exceed the 15%. the 14.3M shares would only raise approx $3M. noted that they received $3M from the Chinese recently but will that be enough?

    When is the next financial report due?
 
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