1MC 3.23% 3.0¢ morella corporation limited

Ann: Trading Halt, page-150

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  1. 311 Posts.
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    Hi I was at the Brisbane investor information session. I would like to add to that thread but I cannot find it anymore. As it was full of direct quotes from the managing director himself James Brown. And other witnesses to what was said and inferred at the session. I will summaries in point form

    .The coal assets where coming close to being off loaded.

    . We where assured we where a low cost producer and running at a profit

    .Paul the CFO said while he had been in Brisbane he had spoke to mainstream lenders
    About refinancing the loans. He inferred they where very interested and a more favourable agreement
    Could be achieved.

    At the end I the presentation I had a 20 min conversation with Paul the CFO I asked him to his face
    Will there be any need to raise more funds he assured me with reason above it would not need to be done.
    Terry Smith was also present at this presentation. And chatted with James in length at the end of the
    Presentation.

    I was the guy in the front ro with the shaved head and black T shirt. I left in the lift with Janeo@
    Very disappointed
 
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