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3.33% 3.1¢ morella corporation limited

In summary, waiting for the spodumene price to turn. Gives you...

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  1. Scarpa
    9,135 Posts.
    lightbulb Created with Sketch. 18355
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    07/03/20
    13:57
    Post #: 43358829
    In summary, waiting for the spodumene price to turn. Gives you time.
    The other issue is from recollection AJM was EBITDA positive so losses were after interest payments. Again the equity buys you time.
    All boils down to the spodumene price, and I suspect it will head up, so it is a question of when, and if the price starts going up later this year the pain now will be a distant memory provided EBIT/DA continues to remain positive.
    All IMO
    AJM Price at posting: 6.3¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 12  Upvote
    lightbulb Created with Sketch.  Great analysis
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