ThisappearedinAdelaide'sINDAILYonlinetoday,Monday4thNov.* "We don’t know anyone officially (preparing a takeover)”.
Itisare-runofwhatwehavealreadyseenbuthasaresponsefromLCKadded.
LeighCreekEnergyhintsatChinesetakeoverBUSINESSLeighCreekEnergyhasencouragedjournaliststo“drawtheirownconclusions”aboutapotentialChinesetakeoveroftheSouthAustraliancompany,citingthefinalsentenceofanewsstoryonaChinese-languagenewswebsitelastweek.BensionSiebert@Bension1PrintarticleInanemailtoInDailylastweek,LeighCreekEnergyheadofcorporateandinvestorrelationsTonyLawrysuggestedweconsiderthefinallineofa1258-characternews.china.comarticle.Lawryemailedagainthatsameday,apologisingifreporterswereunabletotranslatethestoryintoEnglishandprovidingafullytranslatedcopy,includingthefinallineofthearticle:‘ItisunderstoodthataninvestmentbankinHongKongisconductingapotentialacquisitionofLCKforaChinesecompany.’AdvertisementAskedfordetails,LawryreferredInDailytothecompany’smanagingdirector,PhilStaveley,whosaidhecouldthinkofseveralcompaniesthatmightbeinterestedintakingovertheAustralianStockExchange-listedcompany.Buthewasnotawareofanyformalplans.“Wedon’tknowanyoneofficially(preparingatakeover),”hesaid.“Ifwedid,we’dannounceit.“Youknowrumourandspeculationisrifeatthemoment.”Staveleysaidthatbeingtakenoverwasn’tsomethingthecompany’smanagementnecessarilywanted,butthat“anypubliccompany’sgoingtobepotentiallyatargetatanyonetime”.“Theonlyrealdefence–onlyrealguardagainstthatisgoodmanagement,”hesaid.“Youhopeyouaren’tgoingtobetakenover.”Hesaidhedidnotknowwhythecompanyhadsentthenews.china.comarticletoreporters–butthat“there’salwaysgoingtobetakeoverspeculation”.“Whetherit’srealisanother(thing).”Speculationaside,hesaidthatthecompanyhadattractedsignificantcommercialinterestsincetakingoutadvertisementsintheAustralianFinancialReviewaboutitslow-costfertiliserproductioncapabilities.Advertisement“There’sarangeofpossibilitiesapart…frombuyingLeighCreek(Energy),”hesaid.“We’reindiscussioncurrentlywithpotentialjointventure(partners)toproducethischeapfertiliser.“Thisisgoingtobethecheapestfertiliserintheworld.”Inmid-September,thecompanyannouncedithadsuccessfullycompletedaconceptstudyforaprocesscalledin-situgasification,whichwouldbeusedtocheaplyproduceureafertiliser.“Asaresultofthisannouncementwehavebeenapproachedbyseverallargeinternationalcompaniesinthenitrogenbasedfertilisermarkettodiscussthepossibilityofworkingtogetheronthe(LeighCreekEnergyProject),”thecompany’sOctober31releasetotheASXreads.“LCK(LeighCreekEnergy)continuestomoveforwardonthebasisthatitcanprovidebothpipelinequalitynaturalgasand/orfertiliserproducttothemarket.“ThroughtheChinaEconomicandTradeHerald,ChinahasrecognisedISG(in-situgasification)asaNationalStrategicEmergingindustryforChinaandhasaskedLCKtoassistitwithvariousaspectsofdevelopingtheHydrogeneconomyinChina,whichiswelladvanced.”
- Forums
- ASX - By Stock
- NRZ
- Media Speculation
Media Speculation, page-79
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NRZ (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $9.512M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $11.37K | 2.281M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4190 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 2949164 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4190 | 0.005 |
25 | 17175795 | 0.004 |
23 | 21947332 | 0.003 |
25 | 93775555 | 0.002 |
19 | 64900001 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 2949164 | 7 |
0.007 | 3135480 | 2 |
0.008 | 521571 | 3 |
0.009 | 318181 | 2 |
0.010 | 554046 | 7 |
Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
Featured News
NRZ (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online