1MC 0.00% 4.4¢ morella corporation limited

Will support the company as the future outlook has some value. I...

  1. 4,806 Posts.
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    Will support the company as the future outlook has some value. I am seeing this as a completely new phase of my ajm journey. I pretty much wrote off what I had , so this opportunity is like getting in on a "new" company at the very beginning. The company has some allies in SYA as well as strong ties , so regardless of the shortcomings of their previous strategy of high debt and high interest, I suspect they won't be that enthusiastic to play the high risk game in the future. And for what it's worth they do have a track record of bringing a project into production, so with better pricing may have pulled off the high risk strategy.
    So treat it like investing in an IPO. Have they got people still in the team who have abilities, do they have some reasonable projects, do they have existing relationships within the Lithium industry? I believe so.

    Christopher
 
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