1MC 3.33% 2.9¢ morella corporation limited

Ann: Mining Proposal Approved for Altura's Pilgangoora Project, page-59

  1. 3,180 Posts.
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    I feel the AJM exec's are doing just fine at the moment. Right now I think they should just focus on getting the finance deal done....... and then ensuring their team is focused on getting the mine built and commissioned as per there timeline and within budget.

    The stock price will take care of itself.

    I think paying dividends is the main defense any stock has against share price manipulation from bigger forces, and until that occurs it will always be susceptible to suppression.

    So as a shareholder of a company that you know will not pay dividends for at least 18-24months I think you have to be prepared for your investment to 'at times' be undervalued to your fair assessment.

    If you have a longer term outlook (2 years plus) for the Lithium market and confidence in the Altura team...... the price will be a long way north of 17.5cents by the time this mine is commissioned.
 
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