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3.03% 3.4¢ morella corporation limited

Ann: Stage 1 Operations Update, page-212

  1. quickthinker
    3,460 Posts.
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    17/01/19
    20:16
    Post #: 37148883
    It’s not that bad.... just a 3 month delay. Hopefully it stays delivering 1 load per month. We have interest payments to service. We are double handling at the moment and at best producing 108 000 tons per annum. That’s running just below 50%. 

    So the share price should be half of PLS  70 divided by 2 = 35 and half of production 35 cents divided by 2 = 17.5 cents. So it is a buy under that.

    AJM Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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