1MC 0.00% 2.9¢ morella corporation limited

Ann: First Lithium Concentrate Produced at Altura Lithium Mine, page-120

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  1. 6,066 Posts.
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    You are nose to nose with "big brother" when the facts are the company stated production from March. Are you really boasting about that like its good thing? Your ramp up phase should be close to complete if timelines were met but your staring down the barrel of another 6 months to get to that point.

    Im not stirring up any panic, the underperformance of the company your invested in does that. If timelines were met we wouldn't even be discussing another CR and the company would be close to nameplate and in a strong position to implement Stage 2 expansions. Another poster expects a ~4% dilution which is fine he may be right but id be guessing ~10% (at 25-27c) because the last thing they want to do is have to go back to market a second time and its obvious based on an earlier post today that construction and production is not yet going to plan based on where the spodumene is being produced from, unless you will tell me next they built the big conveyors and pad just for the heck of it (which wouldn't surprise me).

    I am quoting production costs figures from a broker are you suggesting you are a better analyst than the CG guys? They cant get it 100% right but I think they can give a better estimate than you and I.

    I haven't looked at valuation/prices at all but The estimates are not calendar years they are FYs predictions so CG are accurate to say zero for the FY just passed. If you have an issue with them you should be able to find there number online somewhere and ask them about there character, just dont do it with a mouthful of beer you might ruin the screen on your computer.
 
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