1MC 3.13% 3.3¢ morella corporation limited

Ann: Pilgangoora - Native Title Agreement & Project Update-AJM.AX, page-34

  1. 6,296 Posts.
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    Personally I think both PLS and AJM will stick together for some time.
    Maybe pull apart at times but eventually settle on the same 1/3rd MC

    There is a lot of news coming in the next 2 months for both.
    DFS, drilling etc. What we need is the indication that Lionergy will be involved in mine finance once we get to that stage. We need an agreement for some of the funding and under Australian law. It's not essential but will give more weight to the BOA

    I do still believe AJM will be the first to mine by about 3-6 months and that's when I would expect some additional gains.

    For short term I think watch PLS for future direction. if we start to show earlier mining then the gap may close "a little". I'm into both for the long term so it's not so relevant to me although I think both are seriously under valued right now.

    Not sure on the SPP and not really critical imo. I'm looking for DFS late July...
 
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