I've been looking into SRK and saw this investment was basically their market cap.
Looking down the last page or so of HC listings for LEL, I can only see info on progressing drilling, so from AKE experience, I'd guess LEL is probably 3-4 years from production, with requirements for substantial capital raise and opportunity for misstep along the way. Could be of interest for one of the big boys, but they will likely wait until LEL is more advanced or the price of lithium comes off.
I'll do more DD before pulling the trigger, but initially I'm leaning to exposure through SRK.
Ann: Trading Halt, page-56
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Last
33.0¢ |
Change
0.008(2.33%) |
Mkt cap ! $36.96M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 34.0¢ | 33.0¢ | $15.88K | 48.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9280 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 12353 | 1 |
View Market Depth
| Last trade - 14.45pm 04/10/2024 (20 minute delay) ? |
| LEL (ASX) Chart |