1MC 0.00% 0.3¢ morella corporation limited

AJM Price rise

  1. 367 Posts.
    lightbulb Created with Sketch. 63
    time to get rid of the old "drop" chat!

    it always again amazing, how fast sentiment can change.
    it just needs some ticks and we just had them.
    - WES offer to KDR
    - news reports on imminent shortage of battery base materials
    - new analysists targets for AJM - acknowledging the huge potential ( although in presence of risks)
    - very strong shipping outlook of AJM ( according to vessel reports)
    -...

    I'm also exited of, that our management is relatively silent at the moment. in the past this would have been interpreted as negative- but with current circumstances, I suppose, that they are busy, that there is much more going in then what is obvious.
    they are also aware, that we have to resettle our debt (which we btw don't have to pay back in full after one year, but just the interest rate goes up to 15%). and I'm really confident, that with running business, this also is possible.

    we should again have a positive day on Monday- ruching the 13.5 already on Friday- so at least this should be achieved SP-wise.
    Also LIT-x etf went up +2% on Friday, so lights green!

    I'm not ignoring the risks, being unsolved debt issue and unsolved JRO-selling or offtake.
    but I'm confident, that these risks are worked on being derisked at the moment.

    Cheers!
 
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