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3.0¢ morella corporation limited

Can you advise how they have breached debt covenant ?

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Paddywagon1982

1,376 Posts.

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02/09/19

16:43

Post #: 40279791
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Originally posted by Whatismyusername: ↑

So PLS, who arguably has a stronger financial position than us, is suspended for a further 5 days.....until they finalise how large the discount needs to be in order to get their raise away.....

This begs the questions in my mind....

1. How much do we need to raise to fill the CF hole?

2. Can we actually make the upcoming interest payment as previously advised?

3. Is GXY right, are spodumene prices approaching USD500/dmt, what does that mean for our pricing after the 5% AGO royalty and the WA state Govt royalty (2-3%?) And what about our moisture discount as well, this is another 10% haircut.

4. Will AJM management advise when they have breached debt covenants in an adequate and timely manner this time? Or 2 months after the fact as per previous times?

5. Should we try and beat PLS to punch and do an accelerated deep discounted raise this week? First mover advantage!!

6. What has been the outcome of the ongoing refinancing discussions that management have alluded to in pRemrior announcements. Any good news would be helpful here!

And remember folks, denial is not a strategy and delusion is not analysis....

GLTA.

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Can you advise how they have breached debt covenant ?

AJM Price at posting: 7.0¢ Sentiment: Buy Disclosure: Held
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