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2.9¢ morella corporation limited

Because they think they have more chance of raising funds in...

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elit

13,316 Posts.

168

15/02/15

14:01

Post #: 14757625
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Originally posted by deeks01 ↑

It is a shame what happened to a company with so much potential. The Mt Webber development deal management negotiated was brilliant, but it was a commodity downtown that did the damage - right at the key point in AJM's future. Mt Webber was supposed to be our ticket to begin building a solid company.

Delta Coal was a massive brain fart from management, especially with the lower quality coal it produces.

Now with the divestment of the coal assets and the gift of Mt Webber to AGO. There isn't much left and it's hard to be bullish. I expect management will be taking up lithium as the next big deal.. However given their emphasis on coal it surprises me.

Which leads me to the question as to why bother with the Singapore listing. If we are going to suffer the dilution why not raise the capital under AJM in it entirety??

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Because they think they have more chance of raising funds in Asia and via being listed on Singapore stock exchange.

Mt Webber unfortunate timing....Delta coal was just plain stupid as funds they used for Delta coal would have paid for Mt Tabalong development with plenty of spare change.

AJM Price at posting: 3.3¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 2.9¢		Change -0.001(3.33%)		Mkt cap ! $8.123M

Open	High	Low	Value	Volume
3.0¢	3.0¢	2.9¢	$2.694K	89.81K

Buyers (Bids)

No.	Vol.	Price($)
2	103825	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	346	2

View Market Depth

No.	Vol.	Price($)
2	103825	0.029
1	10000	0.028
1	61938	0.027
1	111148	0.026
4	165000	0.025

Price($)	Vol.	No.
0.030	346	2
0.031	281000	4
0.032	92168	2
0.033	378549	3
0.034	281138	2

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