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0.00% 4.4¢ morella corporation limited

re: Ann: Managing Director's Presentation... According to their...

  1. timbin4
    3,142 Posts.
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    21/11/12
    09:29
    Post #: 11087164
    re: Ann: Managing Director's Presentation... According to their timeline for proudction. In 2 years from now there will be 3 mines up and running that AJM will be part of.

    I think that is being overly ambitious (especially given there Indo delays), as I think they will sell their stake in the Mt Webber I/O they hold with Atlas and I also think the Lithium project will take longer to get up and running.

    But regardless of project timelines dragging on a bit this stock has proven very robust over the past 12months. Yeah it hasn't re-rated yet as I thought it would but the floor hasn't fallen out of it either and I'm still in the green overall after taking up my options last Sep.

    I am considering re-weighting towards AJM.
    AJM Price at posting: 18.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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