Morella Corp Ltd (ALTAF)

[tikotiko]

True but remember that the contract amounts are minimum quantities and Altura had to close the chapter with JRO, so they had to officially state where JRO’s tons were going. Nevertheless, I agree with you that this should not have required such a long halt, if any.
I still think there is more news coming with Shanshan possibly contracting for the remaining production from Stage 1 and/or Stage 2. I don’t mind if they work something out for Stage 2 with partners to help reduce the current interest rate of 15%, which forces them to pay almost $5M per quarter. They may be able to cut interest payments by at least half with a lower loan, a lower interest rate and some help from the partner. However, I hope they take their sweet time to achieve production for Stage 2 so they time it when lithium prices rise again in 2-3 years. Timing is everything but I feel good about Altura’s future despite the risk. Management has proven that they know their mining, have committed major $ to avoid low takeovers and keep accomplishing major stuff.