1MC 25.0% 0.3¢ morella corporation limited

Personally I don't understand all the teeth gnashing and upset...

  1. 565 Posts.
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    Personally I don't understand all the teeth gnashing and upset about the share price (well I of course literally understand it, but I don't share the angst)

    The low SP makes precisely zero difference to how much ore is mined, what the recovery is, what the sale price is and what the cash margin is.

    Fear of a cheap takeover is a concern I can understand but with big chunks in the hands of directors that is less likely than average. So meantime if you want a piece of the expected earnings to come then you can get even more for your dollar than you did before (presuming you bought higher).

    If all the doom scenarios are to pass of oversupply, debt horrors, downstream processor cost meltdown, JRO dumping etc this is a 0, so just sell and sleep easy. Meantime I just want management to get to nameplate and keep on pushing forward with all the rest like refinancing and options for stage 2. I don't need updates for paper gains, I'm ready for the real earnings.

 
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