Not sure Gennaro, but there could be a few reasons including but not limited to the following:
- A 13.5 cent support level has been strong for a while, sellers exhausted, buyers stepping up
- 1,153 PJ (1.1 Tcf) 2P reserve
- The current PRMS 2P gas reserve only accounts for 31% of the available JORC compliant coal resource
- PCD was operated in accordance with LCK’s environmental obligations
- Low cost gas feedstock at lower than AUD$1.00/GJ.
- Approximately 1.8Mt2 of Australia’s urea demand is imported each year. The remainder is produced at Incitec Pivot’s Gibson Island plant in Brisbane
- The only urea producer in Austalia, Incitec Pivot get their feedstock for about $10 GJ
- Average nominal production cost of $109/tonne places LCEP in the lowest cost quartile of the global urea cost curve
- Pre-tax leveraged Net Present Value (NPV) A$3.4 billion, Internal Rate of Return (IRR) 30%
- LCK will have price stability over the life of the project.
- LCK will have gas supply stability over the life of the project.
- Commercial life of over 30 years
- Annual urea plant capacity of 1.0 million tonnes per annum, with medium term scope to increase to 2.0 million tonnes per annum.
- The Company is in discussions with several potential offtake partners. LCK aims to have commercial partnerships and offtake covering 100% of production capacity
- Foreign exchange fluctuations impact the profits of domestic suppliers of fertilizer (Australia relies on imports) (IPL
)
- Import costs account for an additional US$15-30/t
- Fully integrated urea production eliminates supply risk
- Global fertiliser consumption forecast to increase by 1.6%pa, to 188Mt in 2022
- 95% of Australia’s urea is imported from Asia and the Middle East
- Global nitrogen fertiliser demand 180Mt per annum. Growth rate has been 1.7% over past 10 years
- LCK can produce 200,000,000 kg of Hydrogen per annum
- LCK could be the lowest cost producer of hydrogen in Australia at less than $1 per kg
- They raised in excess of a billion dollars for a transaction that didn't go ahead
- They were offered 8 billion for a deal to buy all of their gas
- Petroleum Production Licence issued (final license)
- Leigh Creek Energy has qualified as a signatory to the United Nations Global Compact, the world’s largest corporate sustainability initiative.
- LCK has entered into a JVA under which it will provide In-Situ Gasification project management and consultancy services to CNE
- EPCM Contracts Awarded for Stage 1
- 18 million of institutional finance for Stage 1
- Commercial negotiations continuing
Just some food for thought, what do you think could be happening?
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Last
0.9¢ |
Change
-0.002(18.2%) |
Mkt cap ! $17.12M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 0.9¢ | $44.36K | 4.404M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 4041604 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 1286776 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 4041604 | 0.009 |
13 | 3046621 | 0.008 |
7 | 6053968 | 0.007 |
1 | 1000000 | 0.006 |
3 | 2497010 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 1286776 | 9 |
0.011 | 2984248 | 7 |
0.012 | 189924 | 3 |
0.014 | 42500 | 1 |
0.015 | 496377 | 2 |
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