Oh boy, oh boy. You guys amaze me; getting excited over nothing. The rhetoric on this forum, and the persistence of "Buy" Sentiments from above 30 cents progressively down to 10 cents, is nothing short of embarrassing.

The farmer is starting to feed the chooks. You have received the entree, just wait for the main course in less than two weeks (According to Morningstar's Schedule). The savvy investors will probably be sitting, either on the sideline or holding no more than a marketable parcel, waiting for the next announcement. Others will be sitting on a heap of stocks subject to horrendous opportunity costs. The poor things are experiencing real pain. I sympathise with them, but they don't deserve it. They continually feed on one another's rhetoric. The opportunity for decision making has probably expired. After the quarterly announcement, are you going to buy, cry, or sigh with relief.

This is what Fitch has to say about fertiliser prices.

Term Global FertiliserPrice Assumptions

Tue 15 Jun, 2021 - 12:02 PM ET

Fitch Ratings-Moscow/London-15 June2021: Fitch Ratings has raised most of its 2021 and 2022 fertiliser priceassumptions on strong year-to-date prices, strong agricultural commodity pricesand increased feedstock price assumptions. We expect spot prices to moderate in2H21 and 2022 due to an improved supply and demand balance, and moderatingfeedstock prices in 2022. Our long-term price assumptions remain unchanged.

Fitch RatingsGlobal Fertiliser Price Assumptions

	2021		2022		2023		2024		Long-term
Ammonia – FOB Black Sea	270	360	260	300	260	260	260	260	260	260
DAP – FOB US Gulf Export	430	530	380	400	360	360	360	360	360	360
Phosphate Rock – FOB Morocco	95	115	90	100	90	90	90	90	90	90
Potash – FOB Vancouver	230	220	230	230	230	230	230	230	230	230
Urea – FOB Black Sea	280	330	260	280	250	250	250	250	250	250
USD/tonne	Old	New	Old	New	Old	New	Old	New	Old	New

Assumptions as of June 2021

Source: Fitch Ratings

Based on the above figures, current short term price rises should have little or no impact on LCK. The big winners out of this are Orica and Incitec Pivot. They are going gangbusters. And I would expect no less from IPL as it managed by a very competent BODs, expertly led by an extraordinary visionary such as Jeanne Johns, BS Chemical Engineering, magna cum laude.

So temper the excitement, guys, and focus on LCKs real issues instead of floating into dreamland. J L.