Morella Corporation Ltd (ALTAF) – This is an exploration and resource development company based in West Perth, Australia focusing on the exploration and development of lithium and battery minerals in the United States and Australia. It operates two segments; Exploration Services and Mineral Exploration and holds a 51% interest in the Mallina Lithium Project in northern Pilbara, Australia, and a 60% interest (and right to acquire 100%) in the Fish Lake Valley Lithium Project in Esmeralda County, Nevada, USA. In addition, they provide drilling services to other mining and exploration companies.
This penny stock has been up to .30 in the recent past. Warren Buffett says he likes “a business with enduring competitive advantages that is run by able and owner-oriented people.” The management of this company is owner-oriented and the big shareholder groups have power in this company.
Visit http://www.morellacorp.com to learn more.