1MC 8.89% 4.9¢ morella corporation limited

Ann: Mining Proposal Approved for Altura's Pilgangoora Project, page-15

  1. 17,842 Posts.
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    Hi Charl, good thing is this significantly reduces the risks of project delays due to factors outside of our control. We now have all regulatory approvals to get on with it, nothing worse than waiting for Govt bodies to approve things.

    Also be interesting to see how accurate Beer and Co are with this

    "Beer & Co understands that AJM currently has been offered more than is required :  Offers are not firm until after the final permit has been granted, which is expected in February; and  AJM is working to secure the best deal, rather than just any deal or the quickest deal. "

    So they got the final permit, sounds like we may have some offers on the table already for remaining finance.

    Hope they take a bit of time to assess all alternatives though, should be able to proceed with construction with what's already in the bank.

    Thanks
 
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