Australia's largest stock trading and investment forum Australia's #1 stock forum

1MC

Click for more information

3.33%

3.1¢ morella corporation limited

Ann: PLS Signs Cooperation Agreements with Altura Mining,AJM-PLS.AX, page-162

First 162 Last

Share
Profile

Follow
Hila

1,682 Posts.

14

30/08/16

00:33

Post #: 18777771
Share

Originally posted by CYMON ↑

If you look at today's announcement for PLS, it provides information on the process the company will take to design, construction and implement their processing rig.

Whilst the specifications are not stated, the item purchased by AJM is a high pressure grinding roll. The fact that they already have an idea of what they are after as well as having purchased it would suggest that they are making their own way in building a plant to suit their needs. If AJM and PLS were looking to build a plant together the announcements would have to be worded differently with terms along the lines of capital contribution allocated as a portion of respective estimated through-put etc.

Things may change at some point, but for now with the DFS so close i think the chances of commencing as a shared plant are zero. And once that capital is spent, it would be very costly to start re-jigging it.

Expand

I think that's too soon for both company to announce a shared plant at the site. It is a big call and needs careful thought. But onviously this is most economic way and canbe acractive for a big customer who needs large enough Li stock on a long term.
This is just my guess/prediction of sotuation, let the company to decide ;-)

AJM Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

BM8

Battery Age Minerals gets set to capitalise on critical mineral demand

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Wealth Within: the latest stock tips from Dale Gillham

ASM

ASM to push Dubbo REE play towards economical production with A$5M Federal govt grant

A1G

African Gold finds significant 5.5g/t intercept over 65m in Cote d’Ivoire

There are more pages in this discussion • 1 more message in this thread...

First 162 Last

Add 1MC (ASX) to my watchlist

(20min delay)
Last 3.1¢		Change 0.001(3.33%)		Mkt cap ! $8.643M

Open	High	Low	Value	Volume
3.0¢	3.1¢	2.9¢	$3.376K	112.6K

Buyers (Bids)

No.	Vol.	Price($)
1	31052	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.1¢	356118	4

View Market Depth

No.	Vol.	Price($)
1	31052	0.030
3	465677	0.029
2	85700	0.028
1	61938	0.027
1	37074	0.026

Price($)	Vol.	No.
0.031	356118	4
0.032	92168	2
0.033	378549	3
0.035	200000	1
0.036	500000	1

Last trade - 16.10pm 15/10/2024 (20 minute delay)

1MC (ASX) Chart

SPONSORED BY