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3.0¢ morella corporation limited

Ann: Commissioning and First Shipment Update, page-159

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bundyau

8,509 Posts.

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20/06/18

18:38

Post #: 33836181
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Originally posted by bruham ↑

Two reasons in my opinion, it's the end of the financial year and taxes need to be paid.
So there is profit taking to cover their responsibilities.

When explorers turn to producers the share price in most cases falls and falls quite a bit.
It has happened to me a few times.

Producing companies become very boring companies, having to dot the eyes and cross the tees.
The exciting personal move on and accountants move in.

Still going to hang in there, the shares will rise eventually.
In the mean time, it's time to look for another exciting explorer or two.

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One part of the announcement states
The recent China visit also included positive discussions with Altura’s other offtake partner Shaanxi J&R Optimum Energy (JRO), which is currently undergoing a re-structure plan. That process is ongoing and has yet to conclude. Altura confirms there has been no change to any of the agreements that Altura has with JRO.

AJM Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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