1MC 6.82% 4.1¢ morella corporation limited

Financial restructure to strengthen balance sheet, page-14

  1. 18,385 Posts.
    lightbulb Created with Sketch. 3834
    Hi Alaska ... I read it..
    ..... “The company needed the funding to accelerate its Altura Lithium Project and continue ongoing work on the Stage 2 expansion that is targeting a doubling of production to 440,000 tonnes per annum before July this year.

    I was not aware there was “ongoing work on the Stage 2 expansion” because Stage 2 has not even been officially announced yet....
    And it was put in the bottom drawer pending finance and customer demand way back
    And all funds seem to have been channelled into improving STAGE ONE production.

    I think @Herald1337 ‘s writer got her facts wrong.
    That comment is just randomly interjected without a source.
    Last edited by sabine: 12/02/20
 
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