BAD News !, page-9

How coincidental that you fell onto the LCK forum a few days before STX (a stock you own), announced (a few days later) that they were considering a move into urea.

If you scratch around a little deeper you may appreciate that the Leigh Creek Project is more than a concept or plan. You see, down- rampers are nothing new here, there's been plenty of pearls of wisdom shared from non-holders with other agendas over the years..

- They will never be able to raise the funds for the PCD (Well, they did)
https://www.asx.com.au/asxpdf/20170330/pdf/43h4w7ylgk80fy.pdf
- They will never get environmental approval for the PCD (Well, they did)
https://www.asx.com.au/asxpdf/20180419/pdf/43tbhffgc4txyz.pdf
- They will be defeated in the High Court by the Indigenous (Well, they weren't)
https://www.asx.com.au/asxpdf/20180919/pdf/43yfyvpfh6pj3h.pdf
- They won't be able to flare gas (Well, they did)
https://www.asx.com.au/asxpdf/20181011/pdf/43z4zg2hfbfcw2.pdf
- They won't be able to produce commercial quantities of syngas (Well, they did)
https://www.asx.com.au/asxpdf/20190219/pdf/442qpthl4s3nwl.pdf
- They won't be able to operate the ISG gasifier safely within the environmental parameters (Well, they did)
https://www.asx.com.au/asxpdf/20200616/pdf/44jp0vz6th7ryh.pdf
- They won't be able to get certification for a 2P reserve that is large enough to justify a commercial project (Well. they did)
https://www.asx.com.au/asxpdf/20190327/pdf/443t28kl9nsvhw.pdf
- They won't get a Production Licence, they will need to run another PCD (Well, they did)
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02313281-2A1265803?access_token=83ff96335c2d45a094df02a206a39ff4

It's clear that the market needs to see more meat on the bone regarding commercial arrangements before the true value of the company's low input costs and many other advantages will be recognised in the share price.

Did you know they obtained funding from tier 1 financiers in excess of a billion for a transaction that didn't end up going ahead?

Did you also know that they were offered 7 billion for their whole reserve to be purchased?

- They won't get offtakes
- They won't get funding
- They won't get a strategic partner

(Well, let's wait and see)

Have a lovely day.