1MC 0.00% 0.4¢ morella corporation limited

Firstly, everyone is down since May 2018. From their early 2018...

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    Firstly, everyone is down since May 2018. From their early 2018 highs, the producers are down...
    A40 is down 70%
    PLS 47%
    GXY 57%
    ORE 60%
    NMT 58%

    Then you have the explorers down even more AVZ 86%, SYA 83%, BGS 82% etc.

    AJM is 75% down currently.

    Why is it suffering worse than PLS?
    * Debt and financial concerns (which PLS has less of)
    * JRO offtake partner uncertainty for a long time now. (PLS doesn't have this issue)
    * Ramp up seems to be going slower than PLS (PLS was at 85% when AJM was at 70%)

    I do agree with Johnny87 that AJM has more upside potential than PLS once these issues are resolved based on the relative EV and nameplate output/profits. Both will do great in my eyes.
 
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