I have been a big fan of this stock and a holder for a very long time (until recently selling out circa $2).
IMO - at $2 this company is over priced for its current progress and there are far cheaper lithium stocks on a MCap to NPV ratio. An MOU with Ford doesn't really change anything. Its a good project and it will eventually receive funding (with or without Ford) - but I will be surprised if this stock doesn't hover around $2 for a while before dropping back during the long Finance and production timeframe. I'll probably jump back in during the orphan period.
Good luck guys - I might be wrong - but I'm out.
Ann: Lake and Ford sign non-binding MoU for lithium offtake, page-55
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Last
3.9¢ |
Change
-0.002(4.88%) |
Mkt cap ! $65.07M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.1¢ | 3.9¢ | $217.1K | 5.443M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 2037066 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 487410 | 14 |
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| Last trade - 14.31pm 01/10/2024 (20 minute delay) ? |
| LKE (ASX) Chart |