Hi
@CocoHomeboy, yesterday's share price performance was definitely a disappointing outcome for shareholders, we can't argue with that.
The company clearly outlined in the Quarterly Report and the Corporate Presentation that offtake agreements were getting close. Plenty of buying support came for the share on that basis, and also, it appears that traders may have pumped and dumped to a certain degree.
There is no way that project finance was built into the share price, despite what some people may think, and although the trading halt could have overexcited the market to a certain degree - it didn't have a $ value attached, and this could have disappointed the market. Traders may have used this as an opportunity to exit, although it was a very good announcement.
But a line has been drawn in the sand now - 31 May 2021,
''Under the Agreement, DL E&C with LCK’s assistance will arrange the required finance for the turnkey price of the urea manufacturing facility from mainly Korean financial institutions''. This is under a month away, the ''pump'' for traders could be on again, but so to could be the removal of financial risk for a fully integrated urea project that can produce a product cheaper than anyone in Australia.
The key for LCK will be the commercialization, the dollar value, and this is what will really excite the market. Institutional support will follow, and volatility will reduce. Until then, there will be plenty of speculation, we may or may not have found a support level (who cares) - but expect this month to be an exciting and eventful one.
I'm backing Justyn and Phil in, good luck to all holders..
