PRice being held down, page-101

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?