Over a year ago a insightful investor asked this question. IPL had just turned down a rumoured $700m offer for its Fertilizer business and the investor questioned the wisdom of this in light of the anticipated impact of LCK's urea production at substantially lower cost. I recall the outrage of certain IPL investors to that post. Well here we are. No $700m, a $180m cleanup bill and a urea business that now will depend on importing high priced $700/t + urea which is supposed to compete with an LCK production cost of $110/t. I'm sure the Board and the CEO will convince the company's shareholders why this is a great deal. I note the seller lining up this morning. If this is the caliber of the Board which LCK is in competition with, as an LCK holder I would urge the IPL shareholders to please keep this Board for as long as possible.
Will the resignations begin?
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Last
$2.83 |
Change
-0.010(0.35%) |
Mkt cap ! $5.496B | |||
| Open | High | Low | Value | Volume |
| $2.85 | $2.86 | $2.81 | $9.330M | 3.295M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 179512 | $2.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.84 | 100338 | 7 |
View Market Depth
| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
$2.82 |
Change
-0.010 ( 0.95 %) |
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| Open | High | Low | Volume | ||
| $2.84 | $2.86 | $2.81 | 932520 | ||
| Last updated 15.59pm 09/05/2024 ? | |||||
| IPL (ASX) Chart |