1MC 0.00% 0.3¢ morella corporation limited

Ann: Trading Halt, page-122

  1. 1,297 Posts.
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    On one hand they are well ahead of refinancing date, which is good as they haven't left it to the last minute. They have published a credit report which is clear for everyone to see, and they continue to ship at volume. They are pursuing an aggressive strategy but it may just pay off if we can get financing down to 10% or below with a bond type debt structure, avoiding dilution. At times like this you just have to say well management wouldn't have been investing in market if they thought this was going the other way! The other thing that may have pushed up interest in debt from a financier side of things in the battery metals
    market, is trade deal and. a recent upturn in sector, may have incentivised financiers to move to support a quality management team producing a quality product. I Hope I'm right. PS Tesla and LIT ETF fine up again- sector is definitely on the turn IMHO!
 
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