IPL 1.31% $3.01 incitec pivot limited

Deutsche Bank gives $4.30 target, page-9

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    Everyone is very thirsty for insights into WALA.  When will it be up?

    Trevor Brown's excellent US Ammonia Industry website has this from May 16.

    https://ammoniaindustry.com/waggaman-update-on-schedule-on-budget-expected-q3/

    He makes interesting observations about the fixed price contract, and finishes with:

    In terms of the precise timing of start-up in the third quarter, Incitec Pivot’s CEO, James Fazzino, said this:
    Sometimes we’re asked what month; frankly, this is a 50-year project and I’m fairly indifferent whether it’s July, August or September. It will be sometime in those … months and we’ll take our time and we’ll get it right. But when I look at the progress, everything is going to plan.
    There are occasional speed humps along the way that you’ll find in any commissioning, that’s why we’re saying it will be sometime in the third quarter of calendar and we’ll take our time and when we strike speed humps we’ll go and fix them.

    GLTA

    Ash
 
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