1MC

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4.4¢ morella corporation limited

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zoomyjeff

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06/06/19

10:51

Post #: 38936048
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Originally posted by WayTooLong: ↑

Don’t confuse caution or the ability to question a point of view with an agenda.

Did you ever question your point of view? What might have everyone else seen that I’ve missed?
If you don’t stay objective in the game, you’ll lose.

Next you’ll be calling everything that you don’t agree with Fake News.

But far from me to tell you what do with your money.. I m just random words on the internet. If your that easily led by HotCopper sentiment, maybe you shouldn’t on the platform.

Looking at the numbers:

37881 tonnes shipped in total. Potential would be great, but not in the bag.

Margin per ton: 601-378 = 223 USD a ton.

37881 x 223 = 8447463 USD

= $12,067,804 AUD

Interest due this quarter:

=173,000,000 x 0.15 / 2 (for those just joining us, interest due twice a year not per quarterly)
=$12,975,000 AUD

This quarter so far:

=-$907,196 AUD

Yes there’s going to be another delivery, hopefully this quarter but maybe the next. In context of looking at this quarterly as the frame of reference, they are potentially cashflow negative for this quarter.

If the extra June shipment make it, it’s going to look good. If it doesn’t, we’ll be saying ahh well, next quarterly will look great, like the last quarterly.

And I’m assuming the latest numbers include that March shipment that was late and didn’t make the cut off. I would have hoped for shipments in the range of 50000 dmt shipped.

Hence my caution.

Expand

Waytoolong, in case your not aware interest is payable in March and September, March has been paid so even without the additional delivery they are still cash flow positive!
In a pure P&L situation The value of stock in hand is accounted for less of course Tax Provision ( Nil) Amortisation and other Accruals such as Interest and provisions.

AJM Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
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Last 4.4¢		Change 0.001(2.33%)		Mkt cap ! $10.87M

Open	High	Low	Value	Volume
4.2¢	4.4¢	4.0¢	$11.17K	266.7K

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No.	Vol.	Price($)
7	308748	4.0¢

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Price($)	Vol.	No.
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Share price discussion, page-308

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Is oil undervalued?

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Westgold sets its sights on top five producer status through merger with Karora

Venture to sniff out high-grade REE targets at Jupiter project, WA

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GreenX picks up prospective copper project in Germany

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Share price discussion, page-308

Top Stories

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

Is oil undervalued?

Cost blow-out for Rook I uranium project sees share plummet for NexGen

Westgold sets its sights on top five producer status through merger with Karora

Venture to sniff out high-grade REE targets at Jupiter project, WA

Collaboration in a green (steel) future the focus for Magnum and Saudi partners

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

GreenX picks up prospective copper project in Germany

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News