NRZ (ASX) PRice being held down

Originally posted by Pie-O-My: ↑

No, it's not just you Sudoxe, downrampers do tend to come and go.

They are all very similar too, they tend to ignore third party validation and ASX announcements and try and find some conspiracies that can be manipulated (until of course, those conspiracies amount to nothing) and they then proceed to disappear into the ether. Usually, they have also sold out before a milestone announcement...

I guess all spec stocks are vulnerable to this, there is only so much research we can do - but a certain amount of the company's fate will be determined by management's ability and the stock market gods! I was on the Incitec Pivot forum seeing if any of their posters had answers to the threat of LCK. Besides a Wikipedia link about Linc, and sage advice about ''getting my money out of that turkey'' - there was nothing of substance, which suggests that the largest and only urea producer (and major importer from the Middle East) has no answers at this point. The article below shows some of the issues that can occur when you rely on foreign imports. Very little is priced into this stock right now, and the Australian fertilser market is dislocated and needs a shake-up, the potential upside is huge.

It is getting to the point where we will need an offtake/s in the next few months, the best of luck to Phil and Justyn in commercializing this project, and maybe a few hail Mary's in the direction of the stock market gods.

https://www.abc.net.au/news/rural/2021-02-05/fertiliser-prices-jump-for-farmers-amid-shortage/13120414

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@EAr, I posted the link below back in February. It would have been nice to hear some of our resident IPL holders providing some valued debate, instead of calling us jackals, cult members and children that play with train sets inside garages ...

https://www.abc.net.au/news/rural/2021-02-05/fertiliser-prices-jump-for-farmers-amid-shortage/13120414

The Leigh Creek Energy Project is fully integrated - no problems with gas supply - no problems with geo-political issues - no relying on foreign imports... And the gas is dirt cheap!

I wasn't surprised to stumble upon this in a competitor's reporting this morning (somehow I thought it was very unlikely that would China would go without to supply Australia). An EBIT margin of 0.8% for manufacturing to boot - you'd think with all the rain and urea prices strong, they'd at least get a return of 1%. There always seems to be an excuse though, one thing after another - and the REAL problems haven't even begun yet...!