1MC 0.00% 4.3¢ morella corporation limited

30 cents?, page-69

  1. 5,440 Posts.
    lightbulb Created with Sketch. 467
    I realize that I may be painting a big bull's eye across my back, but I just came across this discussion in another stock's thread: http://hotcopper.com.au/posts/17480833/single

    Pilbara have a strange clause in their purchase of Pilgangoora from GAM that basically makes GAM the owner to all tantalum and lithium product in the ground and must be consulted before any sales are made.
    They promised the market previously that they were financed and ready to build and that never happened then they put their hat out again recently and that's still not going to be enough.
    They won't be producing until 2018 and during construction that's when the announcements will be less and the market will go down or sideways.
    Again that clause with GAM is concerning.

    Not sure if this has been discussed previously, but I haven't seen it discussed before.
    Anyhow, just in case some people are interested...
 
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