1MC 20.0% 0.2¢ morella corporation limited

Why tell us this now, it’s like they’re trying to jump on the...

  1. 3,740 Posts.
    lightbulb Created with Sketch. 106
    Why tell us this now, it’s like they’re trying to jump on the momentum and pump up the SP - only two reasons to do so 1. Defend against aggressive party buying a large stake of the company 2. To facilitate a capital event be it a raising or to minimise dilution from a JV or similar.

    Again, you have to ask why they’re deviating from a prior minimal announcement comms model to a repetition of prior guidance before the quarter is even out...

    Smoke absolutely pouring out of this one now...
 
watchlist Created with Sketch. Add 1MC (ASX) to my watchlist
(20min delay)
Last
0.2¢
Change
-0.001(20.0%)
Mkt cap ! $12.35M
Open High Low Value Volume
0.2¢ 0.3¢ 0.2¢ $3.287K 1.146M

Buyers (Bids)

No. Vol. Price($)
118 179562966 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 22347481 48
View Market Depth
Last trade - 16.10pm 02/07/2024 (20 minute delay) ?
1MC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.