1MC 3.45% 3.0¢ morella corporation limited

Ann: Exploration to commence on Pilbara lithium earn-in assets, page-77

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  1. 240 Posts.
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    If the AJM were to come out of the suspension any time soon, then I expect that the share price will very low, maybe part of 1c per share. That would not help the return of capital for the shares held by the BOD members. If, on the other hand, they wait until drilling has commenced on the SYA tenements, and they get a reasonable assay result before removing suspension, the return of capital will likely be somewhat improved.

    So IMHO, suspension unlikely to be lifted until there is a positive announcement of some sort.

    As it is unlikely that we holders will receive much return on our shares even if they do begin trading in the next 9 months, I see little hurry to sell until the end of the FY when a capitol loss can be claimed, along with any capital return that may eventuate.
 
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