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3.23% 3.0¢ morella corporation limited

5 days of pain ahead....., page-25

  1. muppet655
    3,740 Posts.
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    02/09/19
    20:12
    Post #: 40282276
    As i said, if AJM can meet their projections and get 40,000+ tonnes away this quarter anywhere near their forecasts for costs then I'll be happy to re-evaluate them. Being able to weather the current 'oversupply' storm (whether real or contrived to put the screws on the new mines) through cashflow alone will be enough to put them in the box seat. If not the FIRB might be happy to let a foreign entity take majority control if it prevents the company going entirely under, in a sector that appears very unloved.
    AJM Price at posting: 7.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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