Not far away, page-7

Armour, what’s holding the share price back is the facility LKE entered into earlier in the year with Amvest. From what I can understand, they get shares issued in tranches with the prices pegged at the time they did the placement, so roughly 4 cents. Amvest get shares issued each month at this price and then promptly sell, look at the 3B notice then track the trading.

From what I understand they have about 900k worth of stock to still be issued but LKE can pay it out at their choosing. I would also imagine that some shareholders that got the 4 cent options are converting.

So my take is we have a bit of short term indigestion with these two issues but once through it, the value could really be seen in the share price IF Cauchari is a win for us. What’s most encouraging is we are absorbing this selling and all things considering share price is holding pretty well. So the fact that it’s a register issue that will iron out soon is pretty encouraging. But agree, some negative headlines around PLS etc not helping. Steve has a good take on this and worth talking through it with him.

As you will note I am new to HC and have not put a post up for years but I am jumping in now as I am a supportive shareholder in the company and hope to add positively on these threads. Agree re Steve’s view that we could be same value as ORE. While all the focus is on Cauchari and Olaroz, Kachi could be massive if Lilac pilot plant delivers good results. A big 6-9 months coming up!