Australian (ASX) Stock Market Forum

NRZ - NeuRizer Ltd

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greggles said:
Things are looking good for LCK again. Watching for a break above 25c.
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The break above 25c came last Wednesday, the day after the company announced that the pro-rata 1-for-15 non-renounceable rights issue offer closed oversubscribed. That really wasn't a surprise considering the shares were being issued at 12c. Funds totalling AUD $3.86 million were raised by the issue and will be used for working capital.

Should hopefully be some good news announced this week:
LCK continues to be in discussion with its PRMS consultant regarding the upgrade of a portion of its 2,964 2C Resource to 2P and3P Reserve status and the company therefore remains on track to deliver its initial Reserve number by the end of the March quarter.
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LCK is my pick for Aprils tipping competition. LCK has had a massive surge in volume since February 19th with an nice strong up move, then into a period of reduced volume consolidation (see the range tightening up also), then it broke out again with two very small pullbacks (both with lower volume than the up bars which is what we want to see). LCK is up 253%+ since it broke out on Feb 19th.

LCK.JPG
 
Leigh Creek Energy announced this morning that it has received a PRMS certification of 1,153 PJ 2P at the Leigh Creek Energy Project (LCEP) from MHA Petroleum Consultants, based in Denver, USA.

The report is attached to this morning's announcement.

screenshot-stocknessmonster.com-2019.03.27-12-34-43.png

screenshot-stocknessmonster.com-2019.03.27-12-21-17.png


LCK currently up 15.9% to 36.5c with an intraday high of 42c on volume of around 25 million shares.

Today's price action has catapulted me into second place in the March stock tipping competition. :xyxthumbs
 
To put these gas reserve numbers into perspective, consumption by state (excluding overseas exports). Figures are annual and are official Australian Government data:

WA = 594 PJ
Qld = 309 PJ
Vic = 287 PJ
NSW / ACT = 139 PJ
SA = 126 PJ
NT = 48 PJ
Tas = 13 PJ
 
This is what makes the fin markets a mystery.
27/3/19: LCK upgrades their gas reserves and the price jumps higher.
Since then LCK has been sold off heavily. Is the gas escaping from one of their drill holes?
Or is one of their long time investors selling and realising some profit on the good news?

lck0304.PNG

I don't know the answer, but I do see the 35% fall in price since the "good news".
 
LCK declined to a low of around 17c but in the last week has been making a nice run north again, forming a solid uptrend. Looks like someone is jumping on board and the lack of supply is driving the price higher.

The company's Quarterly Activities Report and Appendix 5B was released today. They have $3,737,000 in the bank at the end of the last quarter and anticipated cash outflows of $2,235,00 in the current quarter.

In September they announced their intention to enter the fertiliser production market via a disruptive process resulting in urea production prices of sub USD$100 ex plant, a fraction of other current and planned Australian operations.

I think LCK has fallen far enough and this most recent share price turnaround could have legs.

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I'm wondering if LCK may have bottomed out for now. It's tentatively showing signs of having found support at 15c and looks to be turning north again. After having erased more than 10 months worth of share price gains I'm starting to think it might now be in oversold territory.

big.chart-LCK.gif
 
Epic rollercoaster of a stock this one. Down, up, left, right. It seems you never know which way it's going to go, but the movement will undoubtedly be sharp and unsettling and will leave those on board feeling slightly queasy.

The company is currently in a trading halt and expects to release an announcement by tomorrow morning in relation to the proposed agreement with DL E&C as announced to the market on 4 May 2021.

LCK290621.png


Something tells me some serious share price volatility will be on the cards tomorrow when LCK recommences trading.
 
LCK recovering nicely since the Offtake Agreement was announced with DAELIM Co. on 30 November. The agreement was for a minimum of 500,000 metric tonnes of granular urea per year for a minimum of five years.

I can't shake the feeling that something else is brewing in the background here. Watching closely.

big.chart-LCK.gif
 
I am picking LCK for Yearly Tipping comp 2022 because Braden Gardiner, Tradethestructure.com chose it as his Buy in The Bull Buy Hold Sell 20 Dec 2021. (I know, I should have my own reasons).

thebull.com.au

18 Share Tips – 20 December 2021

John Athanasiou, Red Leaf Securities BUY RECOMMENDATIONS Singular Health Group (SHG) Trade These Shares In our opinion, the metaverse will be the most exciting theme in 2022 and that’s why we’re bullish on SHG – one of the cheapest listed metaverse companies on the ASX. SHG recently released...
thebull.com.au thebull.com.au

LCK is aiming to become a major urea fertiliser producer in Australia. Recent good news regarding an off-take agreement put a floor under the price at 10 cents a share, so I expect more buyers to be attracted to the action moving forward. In my view, the stock is trading at a discount after closing at 17.5 cents on December 16.
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Last edited:
Smurf1976 said:
Urea's extremely scarce at the moment, to the point that the consequences have become an issue for government, and natural gas is rather short on supply too.

Not a bad time to be a company involved with those.
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Food & Agriculture sector (Farmer's) impacted by record high fertiliser prices! .. below excerpt from *stock head newsletter

LEIGH CREEK ENERGY (LCK)

Leigh Creek is one of the only Aussie companies poised to capitalise on the current fertiliser crisis with its Leigh Creek Urea Project (LCUP).

The company plans to produce as much as 2Mtpa of zero carbon urea via downstream processing of syngas which it will extract using in-situ gasification at the now closed Leigh Creek coalfields of northern South Australia.

The company says the cost of feed gas to the LCUP will be less than A$1/gigajoule, and the average nominal operating costs at the project are forecast to be about A$109/t which means the company will be in the lowest quartile of the global urea production cost curve.

And while the project won’t hit full production until around 2024, LCK is targeting a bankable feasibility study (BFS) for completion this quarter and expects to reach the final investment decision process for the project in the middle of this year.

Leigh Creek has a market cap of $134M and had $8.3M in the bank as at 31 December 2021.

www.marketindex.com.au

Leigh Creek Energy Ltd (ASX:LCK) Share Price - Market Index

Today’s LCK share price, stock chart and announcements. View dividend history, insider trades and ASX analyst consensus.
www.marketindex.com.au www.marketindex.com.au
 
Telamelo said:
Food & Agriculture sector (Farmer's) impacted by record high fertiliser prices! .. below excerpt from *stock head newsletter
LEIGH CREEK ENERGY (LCK)

Leigh Creek is one of the only Aussie companies poised to capitalise on the current fertiliser crisis with its Leigh Creek Urea Project (LCUP).

The company plans to produce as much as 2Mtpa of zero carbon urea via downstream processing of syngas which it will extract using in-situ gasification at the now closed Leigh Creek coalfields of northern South Australia.

The company says the cost of feed gas to the LCUP will be less than A$1/gigajoule, and the average nominal operating costs at the project are forecast to be about A$109/t which means the company will be in the lowest quartile of the global urea production cost curve.

And while the project won’t hit full production until around 2024, LCK is targeting a bankable feasibility study (BFS) for completion this quarter and expects to reach the final investment decision process for the project in the middle of this year.

Leigh Creek has a market cap of $134M and had $8.3M in the bank as at 31 December 2021.

www.marketindex.com.au

Leigh Creek Energy Ltd (ASX:LCK) Share Price - Market Index

Today’s LCK share price, stock chart and announcements. View dividend history, insider trades and ASX analyst consensus.
www.marketindex.com.au www.marketindex.com.au
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LCK closed up +6.9% on 25/03/2022, on 2.38 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.

asx.swingtradebot.com

LCK Share Technical Analysis | Leigh Creek Energy Ltd

Current Technical Analysis and interactive chart for $LCK stock / shares. See the current trading strategy, trend(s), rating and buy and sell signals.
asx.swingtradebot.com asx.swingtradebot.com
 
Telamelo said:
LCK closed up +6.9% on 25/03/2022, on 2.38 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.

asx.swingtradebot.com

LCK Share Technical Analysis | Leigh Creek Energy Ltd

Current Technical Analysis and interactive chart for $LCK stock / shares. See the current trading strategy, trend(s), rating and buy and sell signals.
asx.swingtradebot.com asx.swingtradebot.com
Click to expand...

Telamelo said:
LCK closed up +6.9% on 25/03/2022, on 2.38 times normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline.

asx.swingtradebot.com

LCK Share Technical Analysis | Leigh Creek Energy Ltd

Current Technical Analysis and interactive chart for $LCK stock / shares. See the current trading strategy, trend(s), rating and buy and sell signals.
asx.swingtradebot.com asx.swingtradebot.com
Click to expand...
Leigh Creek Energy since changed it's name to NeuRizer Ltd (asx code NRZ) effective 25/03/2022 but think it changes on ASX platform only on 31/03/2022 per last Friday's announcement.
 
LCK fertiliser stock @ 0.175c +12.9% on great volume/momentum!

P.S. It's new name is NeuRizer NRZ

dyor .. Cheers tela :)
 
I really love the vibe around NeuRizer NRZ - exactly what was required to "light a bit of a spark" under our share price given promising news flow to come soon that we are all anticipating/excited about.

I really believe NRZ will kick some goals throughout 2022/23 leading up to production in 2023/24.

GLTAH

Cheers tela :)
 
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