Leigh Creek Energy (ASX: LCK) has entered into a Trading Halt. The Company expects to resume on Thursday 1 July following a material announcement in relation to the agreement with DL E&C as announced to the market on 4 May 2021.
WHAT THIS ANNOUNCEMENT IS EXPECTED TO BE ABOUT
LCK is in final negotiations for the awarding of the contract to construct a multi-billion dollar fertiliser manufacturing plant and to also announce funding for this project.
It is our belief the Company will announce that contracts have been signed and awarded and funding secured. If this is the case it has the potential to significantly re-rate the Company. Scroll down for the Top 10 reasons we like LCK. This multi-billion dollar construction project will also be of significance to South Australia and the Australian farming community.
As close followers of LCK for many years we await with anticipation the ASX release on Thursday and following this receiving updated details regarding timelines for drilling, gas flow and plant construction as well as updated revenue projections.
OFF TAKE AGREEMENTS CAN BE EXPECTED TO FOLLOW
LCK have methodically lined up their ducks:
- Produced commercial qiantity and quality syngas and demonstrated no enviromental issues
- Received PPL - Petroleum Production License
- Tendered globally for Construction and Finance partners and then shortlisted with strong responses from several global players
- Awarded Exclusivity to DL Group enabing them to negotiate for both Construction and Funding contracts
- Raised capital sufficient to complete Stage 1- gas & electricity production
We are now awaiting announcements of:
- Construction Contract Awarded and Funding pathway, and following these
- Off Take Agreements
WE ARE AVAILABLE IF YOU HAVE ANY QUESTIONS
The Company today responded to our queries by requesting we await the release of their Announcement to the market, expected on Thursday morning. As we all await this should you have any questions feel free to call me - I may even be able to draw your attention to information in the public realm you may not be aware of such as the recent video interview with LCK Head of Investor Relations Tony Lawry.
Kind regards
Sean Sandilands
0412 166 471