1MC 3.23% 3.0¢ morella corporation limited

Ann: Rights Issue - Investor Presentation, page-75

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    Have you considered the possibility that they are not in a position to moderate production?
    There are short term costs involved in doing so and the debt holders may not be supportive of a move that could reduce the ability to meet interest repayment obligations.
    AJM are also trying to refinance the loan before it matures in the near future. Reducing revenue could make this task more difficult.
 
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