1MC 3.33% 2.9¢ morella corporation limited

Based on todays news, I believe something similar will...

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  1. 3,205 Posts.
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    Based on todays news, I believe something similar will eventuate.

    '...It was late 2011... Sumitomo had lobbed a $430 million offer to buy Aquila's 50 per cent stake in the Bowen Basin mine...'

    '...in September 2014, Sumitomo and Vale shuttered the mine citing the downturn in the international coal market...'


    The mine has subsequently been sold to Stanmore Coal.

    '...(the) price was finally revealed on Thursday: the princely sum of $1...'

    http://m.smh.com.au/business/aussie...in-basement-price-just-1-20150730-ginsy8.html
 
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