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2.33% 4.4¢ morella corporation limited

My biggest observation from the accounts is that they owned...

  1. Cashmeoutside
    3,055 Posts.
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    12/09/18
    16:41
    Post #: 35554820
    My biggest observation from the accounts is that they owned creditors $23m at June 30. And they only had cash of $28.8m... so really they had about $6m to play with and that was before the last 3 months of works (and interest due in a couple of weeks). No wonder they needed cash.
    Last edited by Cashmeoutside: 12/09/18
    AJM Price at posting: 23.5¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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