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0.3¢ morella corporation limited

Looks like they just caught it. Ann released

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Otis3sgte

601 Posts.

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01/11/19

13:46

Post #: 41200468
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Originally posted by seberhardt ↑

I would think that the number of dry metric tonnes is a mistake. In the presentation (Ann from Oct 28th) on slide 20 they refer to 6-8% typical moisture content.

Further indications of that from the quarterly activities report: (Ann Oct 17th)

Q3 Sales of 25.601 dmt
Oct 2 shipping of 11.587 dmt

Total prior to the shipping of last week: 37.188 dmt

Shipping of last week 11.650 wmt. If the 40.000 dmt from today's ann would be right that means the 11.650 wmt of last week would only be equivalent to 2.812 dmt (or have 76% moisture). That does not sound logical at all... teh correct number in todays ann should be more in the range of 48.000 dmt.

Anybody can follow up with the company?

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Looks like they just caught it. Ann released

AJM Price at posting: 5.7¢ Sentiment: Hold Disclosure: Held
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