1MC 0.00% 3.0¢ morella corporation limited

Ann: Non-Renounceable Entitlement Offer Completed, page-32

  1. 1,221 Posts.
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    I just noticed I hadn't changed my position to held. Now done, got in last friday, as previously stated.

    Considering the SP got down to 5.6c during the Rights issue, the level of subscription was good, I reckon.

    Dec19 quarter shipping sounds good. Did any AJM offtakers provide prepayment which some of this shipping might be in satisfaction of?

    I recall 2 years ago, the PLS CEO being queried as to possibility of takeover. He said they will wait until you're up and running first, to see if you're commercially viable. Low Spod prices won't go on forever and some vulture with deep pockets must be looking with interest in our direction.

    I'm holding with a view to buying more.

 
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