1MC 6.45% 2.9¢ morella corporation limited

Ann: Results of General Meeting, page-20

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  1. 5,440 Posts.
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    I haven't seen this shared in AJM so here goes:



    snippet: (about 40mins)
    The circumstances at Altura and Nemaska are meaningfully different, but nevertheless a great reminder that mining or brining of any type is hard. A Cost Over Run is No Fun, especially if timed when Mr. Market sentiment is looking glass half empty, and a project has substantial covenant-heavy debt.
    I Feel Good Altura is a reflection of their "in production" status, relatively uncomplicated SC6 business model, modest working capital need and substantial insider support.
 
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