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2.8¢ morella corporation limited

Ann: Long Term Binding Offtake Agreement Secured, page-130

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curiouser27

5,440 Posts.

467

09/11/18

12:36

Post #: 36447511
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Originally posted by buyhi ↑

my only concern was this quarter and how they were going to get through with no cash injection and avoid trading insolvent. That's gone now with the $15M upfront. I think this proves that management can get a deal done and their product is wanted so they don't need JRO now and if JRO want to pull out alltogether then go ahead and GFL will take your 16% holding as well.

Consistent nameplate is the next target and if that happens in the March quarter then they can refinance the debt on more favourable terms very quickly.

stage 2 FID and offtakes will flow from there.

all IMO

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Congrats on being able to master your emotions re reentry on the change of sentiment.

I haven't learned that yet, I usually stay away from the stock I sold so I don't get bitter with remorse.

Anyway, still learning...

AJM Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 2.8¢		Change -0.003(9.68%)		Mkt cap ! $7.852M

Open	High	Low	Value	Volume
3.1¢	3.1¢	2.8¢	$1.881K	64.95K

Buyers (Bids)

No.	Vol.	Price($)
1	51	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.1¢	275852	4

View Market Depth

No.	Vol.	Price($)
1	51	0.029
2	56975	0.028
2	161938	0.027
2	311148	0.026
4	165000	0.025

Price($)	Vol.	No.
0.031	275852	4
0.032	92168	2
0.033	378549	3
0.034	270000	1
0.035	200000	1

Last trade - 12.13pm 03/10/2024 (20 minute delay)

1MC (ASX) Chart