When you're a company the size of LCK, the price will float around, that's quite normal. LCK has traded between 9.5 - 31 cents in the past 52 weeks, of course, investors would like to see it higher, but what has changed? Nothing, fundamentals have improved if anything. The last two raises have hurt the share price significantly, as has the lack of material news flow - many are bored..
On the other hand, the CEO of IPL took the reigns when the share price was $3.90, it's down 22% in that time. This is a company that has been producing fertilser for over 100 years, it's a stock that people rely on as income for their retirement.
Are you satisfied with IPL's performance @Idle Wanderer?
Furthermore, to add insult to injury, just imagine IPL knocked back an offer to sell their fertilser business, when really, the business is worthless when LCK is in production. Phil Staveley said in an interview that 'Leigh Creek offered a billion dollars in tier one finance for a transaction that didn't go ahead'. Was this for Incitec Pivot's fertilser business I wonder?
Let's see how things progress, but if you're throwing stones at a company with a market cap of 100 million, perhaps you need to be a little more honest with yourself - Incitec Pivot has been a very poor performer, and may have made some very poor decisions which could be costly to the incomes of those who have invested for their retirement.
People can make their own choice as to why IPL holders flock to this forum, but in the meantime try and stop being such a nervous nellie!!
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