LKE towards TOP-5, page-5502

Danielpaper. I also believe that this is part of a "broad sell off" as you put it. My guess is that it has more to do with "general market sentiment" and much more scepticism coming in to what was considered to having been "too optimistic".
We must also remember that LKE is now in the ASX300 and being exposed to (a) more "exposure" and (b) also being a component in "Index Fund" ETFs and the like, with billions of Dollars have been removed from most Index Funds and markets in general and the pattern of LKE's trading, on what is really quite relatively low, I'd put most of the drop in LKE's SP to those factors and not specifics such as the price of Lithium etc.
Being more "exposed" also involves the commentariat and in Sunday's Melbourne Herald Sun, in the weekly "Share tips" column, Mark Goulopolous from Cumulus Wealth declared Lake to be a Sell and stated that "Sentiment towards this Argentinian lithium brine project appears excessively optimistic with many milestones yet to be achieved."
I, personally don't accept that reason, but it WILL have an effect, IMO, Lake have NOW satisfied enough "milestones" to justify that optimism, but, each to his own when it comes to opinions.