Xena, from one of my previous posts:Taken from the "IPL Convenes...

Xena, from one of my previous posts:

Taken from the "IPL Convenes a General Meeting" document:

Quote: "The 20-for-one share split, if approved by shareholders, will apply to shares held as at 7:00 pm (Melbourne time) on 23 September 2008 ... Normal settlement trading post the share split will commence on 1 October 2008"

Reference: http://www.asx.com.au/asxpdf/20080805/pdf/31bk3ph4j12fxm.pdf

Some more great news today on the IPL front:

ARU: Arafura - Incitec Pivot Heads of Agreement
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00872550

ACCC report on fertiliser prices
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00872579

Quote: "The ACCC concluded that the significant rises in fertiliser prices in Australia are mainly attributable to rapidly increasing global fertiliser prices. It found that these increases have been caused by a substantial increase in world demand for fertilisers associated with an expansion in agricultural production (particularly grains for food, feed for livestock and bio-fuels) and by rises in costs of production associated with the increasing cost of energy."

I'm holding for the long term. Look forward to the split.

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The poster holds IPL, BHP, CEY & MGX
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this is my own opinion, seek professional advice and/or do your own research before making your big decision on this stock.