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3.33%

3.1¢ morella corporation limited

How long you you think the consolidated share price will remain...

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bruham

5,531 Posts.

830

18/05/24

10:18

Post #: 73890929
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Originally posted by h0rc0: ↑

Of course it is for a cap raise, but at current 0.002 even with a 50% discount they wouldn't raise enough $ in a SPP to buy a packet of TimTams for the coffee room. At least at 7.5c they have a chance to get some suckers to buy into it at 5c and raise enough money to pay JB wages for at least another year.
Unless they get rid of JB its a NO from me.

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Originally posted by Yowie21: ↑

They have a track record of shafting investors; you aren't the first and won't be the last.

Consolidation is an absolute requirement though, can't do anything with the current structure but a result will be a further decline in value, the current market cap is too high for a shell with poor management.

I could highlight many examples but WA1 acquired the west Arunta project in 2021 and today sit at a market cap of ~1.5M what have the management been doing here so many projects in their own backyard have been acquired while they tred water at your cost.

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How long you you think the consolidated share price will remain at the opening price ?

Two minutes ????????????????????????
They have nothing, absolutely nothing, so the new share price will fall to the pre-consolidated
(there abouts), share price, giving holders even greater loses.

1MC Price at posting: 0.3¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 3.1¢		Change 0.001(3.33%)		Mkt cap ! $8.394M

Open	High	Low	Value	Volume
3.0¢	3.1¢	2.9¢	$6.12K	206.5K

Buyers (Bids)

No.	Vol.	Price($)
1	10072	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.1¢	275985	4

View Market Depth

No.	Vol.	Price($)
1	10072	0.030
1	22279	0.029
2	60000	0.028
1	61938	0.027
1	111148	0.026

Price($)	Vol.	No.
0.031	275985	4
0.032	92168	2
0.033	378549	3
0.034	281138	2
0.035	23800	1

Last trade - 16.10pm 02/10/2024 (20 minute delay)

1MC (ASX) Chart