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3.0¢ morella corporation limited

Going Concern, page-11

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RockZ

361 Posts.

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26/04/19

21:04

Post #: 38283135
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Originally posted by muppet655: ↑

Okay, I'm now highly suspicious that you're a troll, as the level of critical thinking you're applying is pretty woeful. Again since when has 15% of $175 million been $52 million plus of annual interest!? The DFS numbers which the company has reiterated in presentations clearly state costs of $300 USD/Tonne. The lithium carbonate price has stabilised and is still resulting in income per tonne of >$600.

Again it's very simple from there to see scale production anywhere near 200,000 tonnes per year with costs anywhere near $450 AUD suggested makes for very healthy margin and comfortable capital to meet obligations.

Perhaps consider the numbers properly rather than taking a cursory and unsubstantiated Dow Newswire and running with it. At the very best the wire implies $740 would be enough to pay interest down and clear principal. If Altura were debt free at the end of 2020 with the sort of cashflow needed to achieve that it would be valued nearer a $1 billion AUD.

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Sorry. the 13m was the Interest only part of the loan, so recurrent at that level, if not paying down principal, which i assumed they couldn't.
hmmm interesting....thanks for your explanation.
Im just concerned and am thinking of selling as I dont want to wear a reverse 10.5/10c

AJM Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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Last 3.0¢		Change 0.000(0.00%)		Mkt cap ! $8.364M

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