If you read my previous posts you will understand my theory for why the SP is hovering underneath the 138.16 price. At this level, the Dyno holders get more script than if the VWAP is above 138.16 come the second court date.
So until the second court date expect a trading range from 135 to 142. After that the race is on!
Fundamentally speaking, DAP price is up significantly from when they announced the 500m NPAT. Per tonne it is now at $1200 FOB. see below.
http://fertilizerworks.com/html/market/TheMarket.pdf
BUT, DXL still is better entry to IPL - you get an immediate premium to your current holding + the upside exposure to IPL.
If you read my previous posts you will understand my theory for...
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Last
$3.07 |
Change
-0.020(0.65%) |
Mkt cap ! $5.808B | |||
| Open | High | Low | Value | Volume |
| $3.06 | $3.11 | $3.04 | $17.51M | 5.700M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 49354 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.07 | 47503 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| IPL (ASX) Chart |