Chart, page-69

Unfortunately for LGP I think there are major global headwinds with energy and transport prices skyrocketing, running two facilities on two different continents and with a widely acknowledged surplus of green material leading to oversupply and stagnant prices.

Consumers will also have less disposable cash in their pockets through inflation.

Dont get me wrong - it’s “industry” wide - but I think there will be more consolidation and MA before it gets better.

I’m not writing off the lower gap either.

Good luck

DYOR IMO