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4.88% 4.3¢ morella corporation limited

everblu capital – 29 april 2019, page-26

  1. Cashmeoutside
    3,055 Posts.
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    01/05/19
    13:18
    Post #: 38352478
    They’re capitalising the lot so I’d include the other $14m in investing plus the outflows on page 1 post declaring commercial production when figuring out unit costs - though they make it hard.

    I can’t imagine what property plant and equipment they are purchasing mid way through commissioning other than paying Primero etc. You also cant tell what those payables balances are which they could possibly hold off on cash payment till April 1 to fudge figures (not saying they did this).
    Last edited by Cashmeoutside: 01/05/19
    AJM Price at posting: 11.3¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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