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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Over a year ago a insightful investor asked this question. IPL...
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Last
$2.97 |
Change
-0.030(1.00%) |
Mkt cap ! $5.658B |
Open | High | Low | Value | Volume |
$2.98 | $3.00 | $2.95 | $13.11M | 4.415M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 22744 | $2.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.98 | 107564 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 2.960 |
5 | 30870 | 2.950 |
2 | 5442 | 2.940 |
3 | 36915 | 2.930 |
2 | 22514 | 2.920 |
Price($) | Vol. | No. |
---|---|---|
2.980 | 808 | 1 |
3.000 | 3514 | 3 |
3.010 | 3000 | 1 |
3.020 | 12200 | 2 |
3.030 | 5000 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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