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3.1¢ morella corporation limited

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Henry Walton

1,408 Posts.

2022

05/12/18

17:09

Post #: 36761471
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Originally posted by growler1969 ↑

I think lithium stocks in general have suffered due to the overall negative sentiment towards lithium due to reports of over-supply.

AJM has suffered more because:
1. Delay in production;
2. Issues surrounding our BOA;
3. Cash flow issues caused by 1 and 2;
4. Take-over rumours or actual plays;
5. Relatively high cost of capital.

Most of 1-5 has been resolved or is in the process of being resolved. I believe lithium sentiment will be positive in the next 1-2 years.

At the time we raised capital, I thought we were paying overs and I expressed my disappointment here. But in hindsight, I now look back and consider we were lucky to raise capital when we did. I could not imagine the struggle to raise significant capital with the current market volatility.

Ganfeng is a huge vote of confidence in AJM and our BoD.

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Yeah couldn't agree more there are reasons for the drastic fall in share price it comes down to performance.

At some point you have to look at the figures and go is that good? Is this performance good?

It comes down to the numbers, tons of talk on AJM about this that and the other, but actual break down of the numbers don't see it.

AJM Price at posting: 18.5¢ Sentiment: None Disclosure: Not Held
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Last 3.1¢		Change 0.000(0.00%)		Mkt cap ! $8.394M

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