Australia's largest stock trading and investment forum Australia's #1 stock forum

1MC

Click for more information

3.03%

3.2¢ morella corporation limited

AJM Capital Raising, page-66

First 66 Last

Share
Profile

Follow
Joseph1189

1,015 Posts.

230

20/10/20

19:41

Post #: 48246959
Share

Originally posted by zhenghao1: ↑

Put it this way, the timing is right for the debt collectors to own more than half of the company, when Li price is just turning the corner. The best thing for us small shareholders is to take part and get in as many additional shares as they can. The TH shall be extended as long as the board and regulation can allow it as the whole Li mining sector valuation is gradually moving higher. IMO, AJM should try to lock in a set price long term contract with a Chinese buyer for a large advance payment to pay off the debt. I do not understand why they did not.

Expand

yeah y didn't Ningbo come to the rescue? oh look they have CNY 2.5Bil. and amazing 9% profit margin!

maybe they want more of the company cheaper. makes sense tho.

AJM Price at posting: 7.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

RMX

Red Mountain Mining: record gold prices, two projects, two greenstone belts

CBL

Control Bionics expands into UK and Irish markets with NeuroNode device

CNB

Carnaby Resources hits copper at Mohawk, QLD

YAL

Yancoal makes it into the ASX200 in latest S&P rebalance

GDC

Global Data Centres not clear on future operations after AirTrunk sale payout

There are more pages in this discussion • 81 more messages in this thread...

First 66 Last

Add 1MC (ASX) to my watchlist

(20min delay)
Last 3.2¢		Change -0.001(3.03%)		Mkt cap ! $8.664M

Open	High	Low	Value	Volume
3.4¢	3.4¢	3.2¢	$2.402K	72.96K

Buyers (Bids)

No.	Vol.	Price($)
2	29721	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.4¢	43567	3

View Market Depth

No.	Vol.	Price($)
2	29721	0.032
2	70000	0.031
2	21891	0.030
1	19200	0.029
1	321428	0.028

Price($)	Vol.	No.
0.034	43567	3
0.035	23800	1
0.036	375239	5
0.037	70464	2
0.038	75000	1

Last trade - 13.10pm 09/09/2024 (20 minute delay)

1MC (ASX) Chart