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3.33%

2.9¢ morella corporation limited

Ann: Managing Director's Presentation to AGM, page-66

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Bigpoopa

5 Posts.

04/12/17

21:45

Post #: 29364377
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Originally posted by rkoo65 ↑

It is a really good question and, at the time I actually had some confidence in the coal assets and that it what kept me going. After the SP went down to around 1c I figured selling my holding for the tiny return didn't make any sense and they announced the CR. At the time it was 1c with an attaching 2c option for every 2 shares issued. I actually tossed up whether or not to bother.

In the end it was the prospect of Iron ore royalties, lithium and coal that made me stump up more cash. I wish I could tell you it was all about my forsesight about emerging markets and the demand for lithium that made me do it. It wasn't. It was a part of my consideration but by no means formed the majority of my thinking around Altura.

I have to add that yes, you were about right. My entry point was high but not as high as the current price. I averaged down quite a bit before the CR too. Subsequently I have added more when I could. I now have what I consider to be a good sized holding that has the ability to materially alter my retirement date.

regards,

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Thanks for the insightful reply!

AJM Price at posting: 38.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.9¢		Change -0.001(3.33%)		Mkt cap ! $7.852M

Open	High	Low	Value	Volume
2.9¢	2.9¢	2.9¢	$1.062K	36.63K

Buyers (Bids)

No.	Vol.	Price($)
5	496179	2.8¢

Sellers (Offers)

Price($)	Vol.	No.
2.9¢	116640	1

View Market Depth

No.	Vol.	Price($)
5	496179	0.028
1	61938	0.027
1	37074	0.026
4	165000	0.025
1	25000	0.024

Price($)	Vol.	No.
0.029	116640	1
0.030	636000	2
0.031	305524	5
0.032	92168	2
0.033	378549	3

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