1MC 9.68% 2.8¢ morella corporation limited

Ann: Altura Completes Two Binding Offtake Agreements, page-67

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  1. 2,929 Posts.
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    Well this should be a big incentive for the banksters or others to provide debt finance..the floor price means virtually guaranteed NPAT of about 60 million so debt could be paid back in 2.5 years starting from now .This is based on a 213 KT per annum production. On current prices one year to pay back The only risk is execution but the track record of management is very well established
    Would imagine JB has been holding back to have this in place to avoid or minimise dilution.
    Long term risk from brines but in a short supply market customers are going to want to avoid the risk of too much dependence on them (weather etc)
    Moving swiftly to 400 kt operation.. in my opinion a no brainer particularly with impending shortages
    Expect a bit of professional investment now this is derisked further
 
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