1MC 20.0% 0.3¢ morella corporation limited

Opening on Monday, page-83

  1. 497 Posts.
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    Gareth,

    I think you will find, share price history suggests tracking towards recent placement price, where there is an open SPP.

    Anecdotally, folks sell at a small premium, knowing they can buy later at lower price, and becomes self-fulfilling.

    Here, there is not an SPP, so market will need to find its own level.

    ps quite happy that we have a formal USD4 million offer for Indonesian coal. Likely to be accepted soon, at hopefully a slight premium, I hope.

    pps looking next for confirmation of massive March shipping, early and later in March, totalling up to 40kt.

    Favre
 
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