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3.13%

3.3¢ morella corporation limited

Contracts to expire?? Arjay

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arjay

3,603 Posts.

781

15/08/19

13:39

Post #: 40003489
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Originally posted by bruham ↑

My reasons for not jumping into LTR, are that they are way over valued.
In my opinion only.
AJM is a producer, LTR is not.
The share price of the producer is .10 cents, the non producer is 11 cents.
Shares outstanding, LTR 1.14 billion.
Shares outstanding AJM 1.83 billion.
Then you take into calculation that LTR are a long way behind AJM, so a few capital raisings needed, (extra shares issued).

If i held LTR, i would have jumped out at 12 cents, I am watcher.
I would make an offer at 6 cents.

Again all in my own opinion.

AJM only need to organize their debt, which i feel has already been done, only waiting for the contracts to expire.
"My feeling" is the way AJM is throwing millions of dollars round grabbing their "friends" fifty one percent of tenements
These tenements will probably sit with no action taken for ages (years).

AJM have only scratched the surface of their own tenements.
So why throw cash around if you are tight in your own financials ?

ALL IS GOOD WITH AJM !

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Contracts to expire??

Arjay

AJM Price at posting: 10.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 3.3¢		Change 0.001(3.13%)		Mkt cap ! $8.935M

Open	High	Low	Value	Volume
3.3¢	3.3¢	3.3¢	$957	29.01K

Buyers (Bids)

No.	Vol.	Price($)
1	9721	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.4¢	313567	4

View Market Depth

No.	Vol.	Price($)
1	9721	0.032
2	70000	0.031
2	21891	0.030
1	19200	0.029
1	321428	0.028

Price($)	Vol.	No.
0.034	313567	4
0.035	23800	1
0.036	375239	5
0.037	70464	2
0.038	75000	1

Last trade - 10.29am 10/09/2024 (20 minute delay)

1MC (ASX) Chart