Australia's largest stock trading and investment forum Australia's #1 stock forum

1MC

Click for more information

4.88%

4.3¢ morella corporation limited

everblu capital – 29 april 2019, page-28

First 28 Last

Share
Profile

Follow
Dr_Manhattan

2,158 Posts.

5794

01/05/19

13:25

Post #: 38352658
Share

Originally posted by binwood ↑

$28m cashflow from investing was listed.

Disclaimer was as follows:

*** Includes the costs of operating the mine and processing facilities, and other cash costs relating to the sale of spodumene concentrate during commissioning and ramp-up of the mining operation. These costs are classified as cash flows from investing activities until such time as commercial production is declared and are capitalised against project development costs (net of the sales of spodumene concentrate (pre-production) referred to above).

Doesn't say financing costs.

Only other bulk expenditure that was listed was capex.

If you take interest costs out of that $28m figure it means they produced 30kt for around $15m. Cash costs of A$500. If they did that then they are looking quite good. I am sceptical though?

I dunno?

Expand

Well A$500/t could make sense if you remember that AJM stated that its aiming for two shipments a month of 8Kt ( total of 48kt) in the June quarter for a projected quarterly expenditure of 20 mil. That would be even lower at A$417/t. Supposedly they are over 14kt/month output now. We will see.

I don't put much value in those broker reports either.

AJM Price at posting: 11.3¢ Sentiment: Buy Disclosure: Held
13 Upvote

0 Great analysis

Reply

Top Stories

Second Christmas for 2024 coming to Kalgoorlie: Diggers & Dealers starts Monday

KAI

Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales

A Super PITch is key in the competition for capital

CKA

Deal with Petrosea opens the door for Cokal's ramp-up plans in Indonesia

MND

Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated

There are more pages in this discussion • 99 more messages in this thread...

First 28 Last

Add 1MC (ASX) to my watchlist

(20min delay)
Last 4.3¢		Change 0.002(4.88%)		Mkt cap ! $10.62M

Open	High	Low	Value	Volume
4.3¢	4.4¢	4.1¢	$4.763K	114.9K

Buyers (Bids)

No.	Vol.	Price($)
2	254740	4.2¢

Sellers (Offers)

Price($)	Vol.	No.
4.3¢	31845	1

View Market Depth

No.	Vol.	Price($)
2	254740	0.042
7	296083	0.040
2	31000	0.039
1	50000	0.037
1	16500	0.036

Price($)	Vol.	No.
0.043	31845	1
0.044	61567	2
0.045	63150	4
0.046	21739	1
0.047	45000	1

Last trade - 15.02pm 01/08/2024 (20 minute delay)

1MC (ASX) Chart