LCK Great Investment into Urea Market, page-47

Hi Pie. Take a couple of deep breaths. You're sounding as wound up as a Kia Rio going up The Spit hill in third gear. Index Fund brought up the statement " LCK have one of the largest uncontracted gas reserves of any gas developer on the east coast". [ This statement is usually written as "the largest" ]. I always find that an odd statement because nobody I know thinks of South Australia as being on the East Coast of Australia. But the Cooper Basin is partly in SA and most of their gas goes East, so at a stretch you could say that Leigh Creek is within a conceivable distance of the East Coast pipeline network.
I was merely pointing out that despite the reasonable proximity,, there were some infrastructure issues for LCK to get the gas to the main East Coast market. Pipelines in Australia today cost around $1.5 Million per Kilometre to build, so 350 Kms of purpose built pipeline to Moomba is going to cost $500M near enough. Then when the gas gets to Moomba, uh oh, not enough space in the next pipes for LCK gas to go East, perhaps?. In addition, according to the 2017 Edison report, to sell pipeline gas LCK would have to extensively process the syngas back to pipeline specification methane gas. So when the statement is made "the largest uncontracted gas reserves" I find it an ironic one, because it's only that nobody could really figure out how to make money out of them.
So then, also above, I did say that transport difficulties would be one good reason why the product of choice has become urea. Which was my point.
Pie, we've debated urea backwards and forwards for months. How could you possibly come to the conclusion that I don't know this basic fact? Can't sell it for profit as electricity or pipeline gas, then urea makes sense.
JL - I don't know JL, he does not know me. Or Willlowbanker, or to the best of my knowledge, anyone else here. We do not team tag. I have a good memory for trivia, if not for other things, so I have worked out that JL is aged over 80, holds IPL, currently at a loss, and my guess is he has traded LCK a couple of times. My remark about Grunta working for JL merely states the obvious that if Grunta were to be working for IPL, at Gibson Island for example, then as a shareholder, JL is deriving income from Grunta's work. A tiny, tiny amount when he collects his dividend. Surely the term "working for the shareholders" is not foreign to you?
Pie Old Mate, I am [accidentally] still a shareholder of LCK. Your remark about LCK knocking back $8B for the entire reserve has to be rolled gold BS, and I don't care who you are quoting. I don't know when this event is alleged to have taken place, so I can only guess what the shares on issue number was then. The number is obviously increasing over time. But let us say it was 500 million, so I can do the maths in my head. You do realise that an $8B offer is $16 per share? OK, so some adjustments for this and that. If I were a shareholder back when this offer passed through the hallowed halls of management [allegedly] I'd be extremely pissed off that it wasn't made known to me to vote on. You'll never see $16 per share selling urea, I'm pretty sure.