1MC 8.89% 4.9¢ morella corporation limited

June T20, page-22

  1. 2,487 Posts.
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    The last peak was 46c March 19, the day AJM entered the asx300. It's been downhill since, a pattern often commented on with other stocks when they first enter the 300.
    Although the T20 (percentage wise) is only down a fraction so they seem solid. But any delay in production and more importantly getting paid, could send them out for a CR which would spook a few.
    Then throw in the weird T/O approach from the Singapore mob (March 15 ) who are apparently broke, and you have a small storm of events coinciding.
    In between they have built a large high quality Lithium mine from scratch which is no mean feat, and probably underpins why the T20 is relatively stable.
    Thanks to the triton & guido for posting the T20's. very interesting.
 
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