1MC 0.00% 0.3¢ morella corporation limited

Ann: $6.5 M equity raising to fund project development, page-146

  1. 5,173 Posts.
    lightbulb Created with Sketch. 3787
    The BIGGEST discount Capital Raising that I have seen in 30 Years of Investing !!!

    I've had a good investing year, and need a tax loss, otherwise I'm just giving money to the ATO instead of investing it back into other stocks.

    AJM will be my tax loss this financial year, and will be glad to clear it off the books, many other Lithium stocks are looking infinitely better.

    I haven't seen anything that gives me confidence here.

    Their last price before the trading halt and suspension was 7 cents, but they couldn't get any further cash except at 0.005 cents - and that surely doesn't look like the funds have a great deal of confidence in them, because that is the BIGGEST discount Capital Raising that I have seen in 30 Years of Investing !!!

    Gw
 
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