LKE 0.00% 4.7¢ lake resources n.l.

Ann: Quarterly Activities and Cashflow Report, page-21

  1. 4,846 Posts.
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    Hi Pippo you are correct I haven't held very long but since holding I have seen a lot of criticism which I think is misplaced. First people say LKE misses reporting deadlines. Well lots of small companies miss deadlines its not unusual. Has LKE been suspended for missing deadlines? Lots of small companies get suspended for this reason. People also complain that LKE has no cash but again lots of small companies dance with insolvency. In LKE's case the current financial squeeze was caused because people asked for their money back during the last capital raise but that wasn't LKE's fault that was because the market crashed due to the pandemic again not LKE's fault. People complain that LKE shouldn't have allowed people to reclaim their money but it was exactly the right thing to do they made a capital raise accepted money changed the offer so they quite rightly told people that because the terms had changed money would be returned. Again the problem was the pandemic not poor management.
    Currently what I like about LKE is the way the CEO is aggressively marketing the company. Steve is at every webinar that I think is possible always hammering the same message great resource, great tech, great opportunity with expanding market, clean and green you know the patter.
    Basically in the short time that I have been a holder Ive been impressed but Im not expecting perfection heck you have to pay way more than 3.5 cents for that.

 
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