1MC 3.23% 3.2¢ morella corporation limited

Ann: Exploration Update, page-18

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  1. NxM
    945 Posts.
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    Hmmm... this maybe off to what im expecting to AJM and would tend to agree to some hurting holders sentiment around this announcement, by the way its not a great result or watsoever IMO.. rock chip sampling can be biassed in so many ways and i tend not to believe its representativenes. Its a good start though but can misled the company in slashing more of that capital...

    so same goes with others here... what happened to the debt reduction strategies? What is now the ordeal strategies with JRO?

    if you allude investors to go copper, how ready is Altura plant for retrofits to process copper? Or do you build a new one? Or is this announcement a teaser for big fishes out there, like Rio Tinto who's been bullish with the Winu copper project nearby...

    market wont like this ann simply because we got a massive debt yet we still spend on things with huge uncertainties... for this, im changing my sentiment from buy to hold...
 
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