Ann: LKE SECURES FURTHER FUNDS TO ACCELERATE DFS, page-87

LKE was at 3.2c a few weeks ago and we were not complaining. When it reached 9c yesterday we were not complaining. But when it dropped to 7.3c today, we start complaining. IMO there must have been a compelling reason for Steve to issue 15m shares and get $900k funding. That’s the trust and confidence I have on him. We shall see the outcome very soon.

Remember, LKE increased by 50% yesterday when ASX was down and today is no different. Yes, 15m share issue @6c would have resulted in Acuity to make quick profit and a few other significant share holders selling their stake. I reckon this is the key reason for today’s share price fall. Nothing has changed as far as Tesla battery day tomorrow or expected Hazen results within a week - fundamentals remain solid. If the benefit of the doubt is given to Steve then commencing DFS earlier than expected should actually send a positive message to the market and would definitely support SP growth. Wait till Hazen results are released prior to making any assumptions and blaming the management. Looking forward to tomorrow and Hazen results next week.