Replies to post #1839 on Morella Corp Ltd (ALTAF)

[Kswies]

They were previously in production while Sayona was the explorer. Too much debt when the bottom dropped out of lithium. Lithium dropped, seemingly on purpose just as China started sucking up all of those entities that didn't have enough cash to weather the drop. Great management, very ambitious, a get shit done type of operation. I feel like I want to buy more but not until we go sub penny, if we don't go there I will just hold what I've got. $ALTAF long.

[TradingCharts]

1 September 2022
Further drilling targets identified at Fish
Lake Valley Lithium Project
Geophysical surveying, in the northern section of the Project area, confirms additional
shallow and at depth target zones for future drilling programs
MT survey results show a shallow, very high conductivity layer of possible lithium
sediments from surface to approximately 30m depth
Emerging north-south trend adds confidence to the Project’s potential scale and size
Development of the Project through additional geophysics and drilling programs continues
High growth potential as the US electric vehicle/battery supply chain continues to receive
significant investment

https://wcsecure.weblink.com.au/pdf/1MC/02562498.pdf