Ann: Lake Resources Update on Kachi Pilot Plant, page-257

Very brutal day for LKE as volume was unusually high for the stock, ending with a 15% share drop, based on my models and the data I keep in my daily excel spreadsheet the selloff should continue tomorrow. It will probably trade below $1.00 Friday at market close. Today's LKE ANN was the dumbest move I've seen in a long time on the ASX, what LKE did and how they formulated it towards the investment community is a direct hit against the LILAC brand, LILAC is in talk and in negotiation with other lithium companies (I know because I do my DD). This feels like an impulsive move from leading LKE management without carefully thinking about the upcoming consequences. DYOR