1MC 2.04% 4.8¢ morella corporation limited

AJM, page-258

  1. 3,549 Posts.
    lightbulb Created with Sketch. 771

    Mate I thought you were planning to sell at 5c...Hope that it doesnt get there.

    This is a real test for long holders. All selling on big vol and definately stressful. I have been thinking all morning its a hold or fold. I have decided I m keeping this untill the end. Ready to loose all if that happens

    Reason is simple for holding and as follows:
    Nothing has changed since last week except for SP

    Nothing from management about some issues in fact last weeks announcements suggesting discussions with high profile offtake and better position to refinance.

    I have read that prices have been stable last 2 weeks and infact recovering

    SS n AB still holding

    Worked out and looks like AJM has enough cash to get through next Q

    Cutting down the noise around and the above reasons are enough for me to hold..Lot of new members here creating panic but need to think straight in these times. Someone comparing this to A40 is out of their mind. Follow the current status n decide.

    Good luck all...
    All IMO
    Arjay
 
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