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4.55%

4.2¢ lake resources n.l.

2021 and beyond, page-4890

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Rocketsoul

2,011 Posts.

475

26/08/21

05:32

Post #: 55576398
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Originally posted by Fantasyboy: ↑

Thank you for posting your friend's answer, it's a rare insight into what a nonexecutive director of an investment management firm thinks after a quick look at LKE.
Nothing new for long time LKE holders, but generally he has a good overall grasp on LKE.
I have some comments, if you are friends and you could send them to him, I would find it interesting to know his answers:

1. I think he didn't notice that Lodge Partner's Capex estimate was already for the doubled production level of 51ktpa LCE.
2. He also didn't do any NPV assessment or any comparison between NPV and current MC.
3. He didn't look at peers, like SLI, a comparison with them would be essential imho. Note that SLI only owns 30% of the project and is already valued at around $1.2 billion AUD, so their project which is smaller than Kachi is valued at around $4 billion AUD.
4. From the bonus and other options I expect more than $100 million AUD, this should be considered imho for the analysis.

Thanks again, these above points are not to nitpick, but rather than some extra points that your friend might consider if he has some time.

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No worries at all, happy to have shared it. Leave it with me I will forward these questions!

LKE Price at posting: 59.5¢ Sentiment: Buy Disclosure: Held
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Last 4.2¢		Change -0.002(4.55%)		Mkt cap ! $70.07M

Open	High	Low	Value	Volume
4.3¢	4.4¢	4.1¢	$152.7K	3.638M

Buyers (Bids)

No.	Vol.	Price($)
17	839552	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	73936	1

View Market Depth

No.	Vol.	Price($)
17	839552	0.041
22	2309548	0.040
16	1065563	0.039
46	4409565	0.038
21	1902032	0.037

Price($)	Vol.	No.
0.042	73936	1
0.043	630784	6
0.044	660331	5
0.045	1509666	6
0.046	1034832	13

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