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6.82%

4.1¢ morella corporation limited

Ann: Fish Lake Valley Project Area Increased by 60%, page-29

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Jasventure

1,165 Posts.

115

28/04/22

15:22

Post #: 61075021
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Originally posted by Yowie21: ↑

I don't think you really want those answers so I will keep it brief.

SYA, PLS and most other ASX listed lithium companies are not a good comparison for 1MC for the very simple and very fundamental reason that 1MC does not hold any of the tenements of interest in their own right, 1MC only have earn ins. Lots of M&A action in the sector at the moment but would anyone buy 1MC? what would you be buying, 60% of potential prospects after significant future investment?

When you only have an earn in your partners could at any time just reach in and terminate, same as AJM days when the noteholders could of at anytime pulled the plug, as they ultimately did. Plenty lost plenty last time and pumpers talking about 10c targets just pulls in more suckers, you will note last rounds pumpers haven't returned to the 1MC threads, no sheep to slaughter yet.

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Good answers. They don't own it outright yet. Perhaps they will. I'm sure it is on the cards to own in future? But that is a fundamental that will need addressing. SYA has market cap of $2.3 billion where 1MC is about $170million? Quite a difference yet the SP is much higher. I guess a lot of investors here are seeing this one as an 'early version of SYA'.

1MC Price at posting: 3.6¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 4.1¢		Change -0.003(6.82%)		Mkt cap ! $10.13M

Open	High	Low	Value	Volume
4.4¢	4.4¢	4.1¢	$6.658K	156.4K

Buyers (Bids)

No.	Vol.	Price($)
3	115822	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.4¢	52944	2

View Market Depth

No.	Vol.	Price($)
3	115822	0.041
8	308583	0.040
1	18000	0.039
1	50000	0.037
1	16500	0.036

Price($)	Vol.	No.
0.044	52944	2
0.045	105556	4
0.046	21739	1
0.047	45000	1
0.048	20833	1

Last trade - 16.10pm 31/07/2024 (20 minute delay)

1MC (ASX) Chart