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.
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Last
$3.00 |
Change
-0.050(1.64%) |
Mkt cap ! $5.715B |
Open | High | Low | Value | Volume |
$3.04 | $3.05 | $3.00 | $14.44M | 4.787M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 290553 | $3.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.01 | 10355 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 277220 | 3.000 |
3 | 70647 | 2.990 |
2 | 22158 | 2.980 |
1 | 10000 | 2.970 |
2 | 35000 | 2.960 |
Price($) | Vol. | No. |
---|---|---|
3.010 | 10355 | 1 |
3.030 | 54517 | 3 |
3.040 | 98430 | 2 |
3.050 | 54597 | 3 |
3.060 | 3257 | 1 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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