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3.1¢ morella corporation limited

Ann: Appointment of Citigroup as Corporate Adviser, page-68

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Ianwil

13,421 Posts.

972

05/04/18

21:04

Post #: 32254960
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Originally posted by ptan ↑

My further thoughts on why AJM is an attractive target :-

- strong feasibility metrics
- located in Safe Country
- closer to China (compared to South America)
- experienced management
- producing 2Q18
- DFS to increase production to 440k tpa ready this month
- strong Lithium industry dynamics

We have all the ticks for a world class project. No wonder we are getting the attention. Corporate strategy is simple - better to acquire project now (secure supply) or risk paying more later. Current weak AUD is also a boost for foreign parties.

Citigroup appointment is a massive step forward - it likely to indicate that there are serious bidders for AJM.

IMO, I expect AJM will receive a strong bid to win its hand.

Expand

Just a thought AJM and SYA have some common directors bring AJM to full potential be taken over move on to SYA and start again. SYA have some potential, worth a research.

Last edited by Ianwil: 05/04/18

AJM Price at posting: 40.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 3.1¢		Change 0.000(0.00%)		Mkt cap ! $9.395M

Open	High	Low	Value	Volume
3.1¢	3.1¢	3.1¢	$353	11.38K

Buyers (Bids)

No.	Vol.	Price($)
4	127171	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	112728	1

View Market Depth

No.	Vol.	Price($)
4	127171	0.030
5	542386	0.029
7	144664	0.028
3	134687	0.027
2	39000	0.025

Price($)	Vol.	No.
0.032	112728	1
0.033	30813	1
0.034	269773	1
0.035	153566	1
0.036	504107	2

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