1MC 0.00% 3.1¢ morella corporation limited

Yeah, I know what you mean - as a S/H, I was drawn to the...

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  1. 1,839 Posts.
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    Yeah, I know what you mean - as a S/H, I was drawn to the criticisms first, but then there's these assessments:

    (I'll paraphrase to preserve copyright)

    *AJM's lower opex compared to peers.
    *Future higher production will improve cash generation
    *Long mine life
    *Credit rating to improve as volumes increase
    *Imminent bond issue will address debt and provide liquidity
    *AJM has raised equity from strategic partners interested in securing products reliably

    That's a well rounded set of positives IMHO.

    I think Finch *have* to be open about the risks to cover their bum, and it seems the rating of CCC+ we have been given is a default one as a "Long-Term Foreign- Currency Issuer".

    DYOR - GLTAH
 
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