Ann: Commercial Urea Production Contract Awarded, page-160

1. Do you honestly believe that individuals can’t be held liable for defamatory posts on HC ? I can assure you they most certainly can, and it’s irresponsible to suggest otherwise.

2. I couldn’t care less If questions in interviews with any companies are pre-planned. In fact, I’d prefer it that way.
I value my time, and want to absorb as much relevant information as possible, in the shortest amount of time.

The last thing I want, is to listen to company directors “umm”, “ahhh” and continually pause for thought … I want them to have concise and informative answers ready to go, to benefit investors watching.
This means they’re less likely to exclude information, if on the spot they cannot discern what portions are allowed to be publicly stated at that point in time (yes, I’m sure they run questions/answers through the company, including legal, too).

Of course, I also care about “the right” questions being asked

The last interview with Justyn and Sean (which I believe is the one you’re referring to) cleared up many speculative queries, surrounding CNE’s support of the project, the rail line and offtakes.
It was a fantastic interview IMO, and I was very happy with the responses.

Now the company has one near term challenge that I see.
They need the 28c oppies exercised, to complete funding of stage 1 and Feasibility of Stage 2.
If these oppies don’t get exercised by (and I’m purely estimating here), around Nov/Dec … then another CR is on the cards. At these levels, it won’t be pretty.

I’m confident that LCK is going to be producing UREA and longterm holders will be well rewarded. The question is, how much more dilution will there be on that journey ?

The company is still a spec stock, and needs more buzz to garner interest amongst retail investors (I think the hydrogen route should be explored in some capacity… they have truckloads of it ).

Now having the letter of intent from the Korean Bank, a few more doors should open for the company. They have a few months to secure the further funding required, or create catalysts for a SP hike that enables the 28c oppies to be in the money, and get exercised.

Once this is resolved, happy days.

I’ll be disappointed if we don’t have consistent newsflow over the coming months, both on the progression of Stage 1 and also possible catalysts for a re-rate that is long overdue (given we’re less than 4% of NPV and the MST brokerage report stated >50c was fair value, prior to the additional shares issued recently which need to be considered for the MC).

But I’m sure we’ll still read the odd - “issues with flow rates”, “rail line can’t be used”, “Flinders is getting WH status”, “CheyneD is not really Cheyne”, “ASIC is reprimanding the company” stuff that we’ve slowly gotten use to, from some


Enjoy the weekend everyone !



Cheyne