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2.33% 4.4¢ morella corporation limited

Ann: Long Term Binding Offtake Agreement Secured, page-328

  1. noobtwd
    55 Posts.
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    19/11/18
    19:40
    Post #: 36562271
    Hi Logamdewar,


    I think you are right.


    From my bank convenant reporting experience, the ratios are generally based on last 12 months (LTM) which could be extrapolated from 3 months of data if needed.


    Like many have pointed out, the next (or 2) quarterlies will be very important. IMO from that we can tell whether management can operate at a profit and meeting debt covenants or not.


    Thanks.

    AJM Price at posting: 21.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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