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3.2¢ morella corporation limited

Gwaihir,Absolute crap. Read the announcement- whatever you/we...

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06/03/20

20:17

Post #: 43352172
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Originally posted by Gwaihir: ↑

They have bought themselves time, effectively 3 years, in which to come up with revenue and a strategy to survive beyond that long term.

The strategy may involve a merger or sale or acquisition or JV, or the market price of spod might just take off again like gold, which may save them. My thoughts initially were that if they were in better financial shape, then someone like BHP may have gobbled them up, but no acquiring company will want to take on the debt, so that avenue can be ruled out.

They also have gold tenements to explore, if they so wish. A small drilling campaign might be interesting, given the current strength of gold, and if successful, they might be able to sell off a gold project on their leases, who knows.

The key element, beyond the increased debt and fees, is the 3 year time extension to August 2023.

So for now, the most important date in the director's and shareholder's calendar is August 2023.

Gw

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Gwaihir,

Absolute crap.

Read the announcement- whatever you/we don't like, the debt remains (still) repayable at any time, without premium

So any acquirer can refinance on day 2.

Ugghh!

Do you believe your rubbish?

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AJM Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
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Last 3.2¢		Change -0.001(3.03%)		Mkt cap ! $7.908M

Open	High	Low	Value	Volume
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No.	Vol.	Price($)
3	246302	3.2¢

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Price($)	Vol.	No.
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1	16700	0.030
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Price($)	Vol.	No.
0.033	35766	4
0.034	12473	1
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0.036	60000	1
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