LKE 6.98% 4.0¢ lake resources n.l.

Ann: Lake Resources Provides Operational Update, page-136

  1. 643 Posts.
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    I agree that everyone is having issues with timeframes at the moment! Whether it be the supply chain disruptions, access to suitably qualified personnel or just having to rely on people that don't want to work and just expect a salary to fall into their laps! But I digress.

    I think the problem is the significant movement of the date in such a short period of time. It seems that the Executive Chairman promised a delivery date that was never achievable (which isn't a shock) for a deliverable unrelated to the technology. I doubt that the Supply chain had anything to do with delaying the DFS. There were clearly more moving parts to this then were originally estimated and given the sheer size of what is trying to be achieved here, it's not surprising. I dare say the new executive team that have the runs on the board with these types of projects have pulled the reins and are doing a more thorough job. It's a two two edged sword... more delays, but delays that may actually mean we meet the end goal of bringing this product to market. Because if we get this out of the ground and to market in the promised volumes, you can guarantee there will be a book or two on it. And those that are holding on for dear life will be well rewarded.

    All IMHO.


 
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