1MC 3.33% 2.9¢ morella corporation limited

buyer and vol building up, page-15

  1. 774 Posts.
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    Bought a few over the previous days. The SP is well supported at the placement price and downside seems to be very limited at current SP. I like the fact that all the directors took up their rights and also few substantial holders getting set for something big imo. $20m cash nicely sitting in the bank too. Does anyone know about when the drilling results will be out? I think upside is huge as someone mentioned a few breakouts in the past at 18c reaching 30+c. By looking at the chart, seems like its gonna happen in the very near future imo.

    Cheers,
    Honey
 
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