1MC 20.0% 0.3¢ morella corporation limited

Ann: Capital Raising - Placement & Share Purchase Plan-AJM.AX, page-293

  1. 9,024 Posts.
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    I am not really worried. Would be more tolerable if my average wasn't above the current price but at a MC of around $200m now this has to be cheap. We could be as little as 14 months away from mining and if it is possible to hit those aggressive time lines these would be the guys I would back to do it. Another BOA for the rest of our product and I will happily sit on this until production. Not sure what will happen between now and then but can't see this being less than the mid 30's target prices of the research reports. I always took them as a 12 month targets and not a short term goal.
 
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