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3.33%

2.9¢ morella corporation limited

$0.004 Party, page-114

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Kaeho

7,203 Posts.

1717

15/12/21

15:41

Post #: 58313707
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Originally posted by Bluegoose: ↑

Sold my last parcel this morning.

It has held up well so far but I'll now let it do it's thing over the coming weeks - which I think will be to drift down to around the 1 cent mark - probably just under to reflect a more reasonable market cap.

Market depth on these small stocks can be very deceiving and change very quickly. There are no doubt some large sellers that will need to be patient as they exit slowly to maximise returns.

I own several lithium juniors - one of which has a 10-12 million tonne spod resource at over 1% grade, from surface next to a major road and with a 9.9% holding by CATL - the world largest battery manufacturer. And with huge tenements that will surely double / triple the resource over time. Likely production in 2-3 years time.

How on earth is AJM worth more than that other company - it just doesn't make any sense.

I will join you current holders again later on when the valuation is a little more palatable just in case they pull a rabbit out of the hat in the medium to long term.

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My thoughts exactly. Way too high of a marketcap compared to other more advanced explorers. I’m impressed how the manipulation is able to keep the sp this overvalued as the big players unload on unsuspecting retails gamblers.

AJM Price at posting: 1.4¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 2.9¢		Change -0.001(3.33%)		Mkt cap ! $7.852M

Open	High	Low	Value	Volume
2.9¢	2.9¢	2.9¢	$660	22.75K

Buyers (Bids)

No.	Vol.	Price($)
4	442579	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	130511	1

View Market Depth

No.	Vol.	Price($)
4	442579	0.028
1	61938	0.027
5	280423	0.025
1	25000	0.024
1	23000	0.022

Price($)	Vol.	No.
0.029	130511	1
0.030	10583	1
0.031	305524	5
0.032	92168	2
0.033	378549	3

Last trade - 10.22am 07/10/2024 (20 minute delay)

1MC (ASX) Chart