The problem with Lake is that Steve thought that the Chinese would buy everything with Lithium in it, wrong attitude imo. First: The grade of Lake Lithium is not that great. Second: there is currently a oversuplly. Third the battery makers will first go to the high quality grade low impurities hard rock resources and Lake is not on that list. Fourth: the battery makers has changed there minds and prefer tier 1 hard rock lithium instead of brine. Fifth: market sentiment has not changed yet in investment in Lithium and if it change i think it will not be in brines but in hardrock resources. When there is a deficit and they can't find any good lithium more to bring to the market Lake will get his turnaround but it will take a bloody long wait. AIMO. Look what happened to PNN, same way Lake is going. All the best, GLTAH
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Last
4.3¢ |
Change
0.003(7.50%) |
Mkt cap ! $71.51M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.4¢ | 3.9¢ | $533.7K | 12.77M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 856971 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 731502 | 12 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| LKE (ASX) Chart |