Lake Resources remains in the ASX 200, page-65

Hi teddie,

I think that the market will do the talking, but please find some of my thoughts here.

I know that we've been disagreeing since LKE was around 25c. You said at that time the same thing, that you found it overvalued. My response to you was that I thought you were not right, and you shouldn't have sold. LKE SP more than 10x-ed after that.

Now you said similarly below $1 that LKE is overvalued in your opinion and I told that it was way undervalued imho. I expect again, that it will 10x compared to that SP.

But back to the shorters.

I think there's a perfect storm in the making that could cause a short squeeze in LKE. Why? For several reasons:

1. Out of all the sectors, why did shorters select lithium mining??? Lithium demand is forecasted to 40x by 2040!!! Is there any other raw material with such high demand increase forecasted? I seriously doubt it.

2. Even within the lithium sector, shorters attacked a company which is awaiting the biggest transformational news in its history, some of the expected news are: Kachi JORC update, Kachi pilot plant results, Drilling results from LKE's other projects, off take discussions updates, financing updates, etc.

3. I can imagine that shorters planned to cover after LKE would've been dropped out of ASX 200 this September. But we now know that it won't happen. LKE will officially stay.
Now shorters can cover on the market with no instos selling from their ASX 200 funds. So far only a few million shares were covered in net terms and LKE SP is already up more than 100% after J Crap report. When 50 or 100 million or more shares will need to be covered, that could cause a huge price increase.

About LKE management:

You've told many times that you think that LKE management has been weak.

I respectfully disagree.

1. LKE management has managed to 100x the SP in 2 and a half years. Even Tesla shares couldn't do this, and Elon Musk is everywhere in the financial media.

2. LKE management has managed to acquire 5 projects in Argentina, some of them are right next to the biggest names in the lithium mining sector. The 4 brine projects are and will be drilled.

3. LKE management has managed LKE to survive the years of lithium winter, when some other companies went bankrupt. Now LKE has $175 million and zero debt. LKE has off take MoUs with Hanwa and Ford. LKE has letters of interest expressed with 2 ECAs. The Kachi pilot plant is on site and after 4 years of testing it soon will be commissioned.

4. LKE management has signed a strategic deal with Lilac Solutions, which company is backed by Bill Gates, Jeff Bezos, BMW, etc. Lilac is the only Western company that was selected by Bolivia. Lilac has a technology that is well suited for Kachi brine and the arid area.

5. LKE board decided that for the new stage they will employ a well experienced industry expert for the CEO role, to be announced soon. There will be additions to the board as well. LKE will open an office in the US.

I would suggest that we should read the CV of the new CEO, and form an opinion after that.

Was LKE management perfect? Obviously not, but they managed a better SP performance than Elon Musk with Tesla, and I, as a LKE shareholder found this quite an achievement.