1MC 0.00% 0.4¢ morella corporation limited

Followed by this...

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    Followed by this presentation:

    https://www.asx.com.au/asxpdf/20190321/pdf/443p1q3vndzrdv.pdf

    Page 8 shows that output wasn't maintained, but smooths over things with a generous trend line (output looked to have dropped to around 450tpd).

    Also mined product doesn't instantaneously appear at the port ready for loading, nor is it instantaneously shipped. There will be a lag from plant shutdown to the detriment in production being realised.

    That all said, even at 400tpd we're producing near 150,000tpa, add in a $300 AUD margin and it's still more than enough to meet interest payments and survive until a suitor comes knocking or spodumene prices pick up...

    Hoping that the surge in output wasn't somehow fudged to grease the SPP uptake, but that seems unlikely.
 
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