1MC 0.00% 4.4¢ morella corporation limited

First Production This Week, page-26

  1. 236 Posts.
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    Altura has never been one of those companies that 'over share' information. We were never going to get an announcement about a conditional event. There was a possibility we would have the wet commissioning announcement but it appears not. It was more likely to be a tweet showing the process of wet commissioning but certainly not an ASX announcement.

    With the last tweet from the company on 6/7 it certainly has not been information overload since then!

    What we should see this week is THE announcement that production has commenced.

    Then we should see an announcement about what is going on int the control transaction space and one about the first sale and the set price. As to what order they come in, it is hard to say. The timetable for the control transaction update has already been passed and whilst the board will be liaising with various entities we won't find out anything until they are ready to release. I have no doubt questions would have been asked at Noosa but there was no way they should have been answering any except to say 'negotiations are continuing and are commercial in confidence'. One thing we do know is that there has been no announcement say the control transaction negotiations have been abandoned. That would be market sensitive information so we can assume they are ongoing.

    GLTAH
 
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