1MC 3.13% 3.1¢ morella corporation limited

Post Consolidation Price Predictions

  1. 4,339 Posts.
    lightbulb Created with Sketch. 668
    Tradingview data suggesting consolidation is happening 5/07 so I guess 1MC were too busy to update the market, CEO is only on $600k a year here so what can you expect, I guess.

    Post consol price is 7.5c but my guess is it will close day 1 at about 6.5c before drifting down to 2c in the next few trading sessions. What we can't know is when a raise will come and on what terms, best case is they keep pulling funds out of SYA to keep the salary account full, second-best case is they vend in a gold or REE project in on an all-script deal but the effort required seems beyond them. Do any of the management team hold a duster tenement themselves they could vend in?

    So the short-term options are tenement holder reimbursement, project vend in, or CR at 2c, what's your prediction?

    https://hotcopper.com.au/data/attachments/6288/6288519-7ce1ba6238277305f4a27f60cb929063.jpg
 
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(20min delay)
Last
3.1¢
Change
-0.001(3.13%)
Mkt cap ! $9.395M
Open High Low Value Volume
3.1¢ 3.1¢ 3.0¢ $607 19.65K

Buyers (Bids)

No. Vol. Price($)
5 352044 3.0¢
 

Sellers (Offers)

Price($) Vol. No.
3.1¢ 391891 2
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Last trade - 15.11pm 21/10/2024 (20 minute delay) ?
1MC (ASX) Chart
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