1MC 0.00% 0.4¢ morella corporation limited

...Seen enough pics of dirt...o_O....having that POV on things...

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    ...Seen enough pics of dirt.......having that POV on things is the difference between good management and very, very good management with mining and financing projects experience.

    JB and the AJM team have played this to perfection and it clearly shows their experience. They focused on getting enough funds to get the mine started which served two purposed 1) Get head-start on the competition
    2) the large CR created a floor for our SP at around 13.5c

    Further benefits:

    Potential Financiers and Offtake partners can clearly see the very strong progress made by AJM in the past 3 months and they can see AJM is the real deal, this gives AJM much better leverage when negotiating Finance and I'm sure that more than one group will be interested in financing this project = Better Terms For AJM

    But another aspect that I like very much is that due to our head start in mine construction b4 finance we have reduced the 'dead period' which is between start and completion of mine construction which means a lot less time for our SP the drift lower while waiting for 1st shipment, in comparison PLS will not have that buffer.
 
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