1MC 3.23% 3.0¢ morella corporation limited

Is this going to be enough? With current costs of production and...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,740 Posts.
    lightbulb Created with Sketch. 106
    Is this going to be enough? With current costs of production and selling less than the amount produced cashflow is looking exceedingly tight. Lithium prices still in a rut. Onerous debt to maintain - for me this announcement just confirms they’re struggling to ship enough, the pessimists will speculate that they’re struggling to sell in this climate as with the other newer spodumene producers. 4C will be critical and I’m struggling to see how there will be any upside surprise in it now.
 
watchlist Created with Sketch. Add 1MC (ASX) to my watchlist
(20min delay)
Last
3.0¢
Change
-0.001(3.23%)
Mkt cap ! $9.092M
Open High Low Value Volume
3.1¢ 3.1¢ 3.0¢ $1.286K 42.48K

Buyers (Bids)

No. Vol. Price($)
2 91929 3.0¢
 

Sellers (Offers)

Price($) Vol. No.
3.2¢ 112728 1
View Market Depth
Last trade - 15.55pm 01/11/2024 (20 minute delay) ?
1MC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.