LKE

1.79%

5.7¢ lake resources n.l.

LKE towards TOP-5, page-18661

First 18661 Last

Share
Profile

Follow
arfbarf

3,311 Posts.

1436

23/01/23

13:06

Post #: 65831161
Share

Originally posted by michelred: ↑

It will probably be many months before we get any information worth reading from Lake because shipping IBC containers of lithium to the U.S. is a long journey. Keep in mind that Lake has never done anything to speed up the process. They seem to be motivated only to raise capital and invest heavily in marketing the company to keep shareholders on board and ensure the company has sufficient financing. Nevertheless, Steve Promnitz has left the company and Stu has taken a step back. The 7-year-old company has always had a certain way of doing business and even you as a shareholder have fallen for the modus operandi. The new CEO has no choice but to run this company as it is because a change of course would push the over-hyped stock price so far down that many of you would probably sell in a panic. As of today, Lake is probably sitting on 125 million in cash reserves, which is probably 1/8th of the amount needed to build a plant to start a small 8000-ton-per-year lithium production. Yes, I am being realistic. Other companies have invested 600 million for a similar venture. The problem I see is that Lake is in uncharted territory. They do not have a path to production because everything they need to accomplish from here has not been tested. Some of my friends with decades of experience in the mining sector have made the astute comments to me that Lake has really overplayed its hand for many years and is currently sitting on a very large amount of cash, which is too much for an explorer and makes management lazy when it comes to making decisions because they have nothing to gain, they are getting paid, and also, they are giving away so much production up front to a company that has not shown much strength in delivering the so-called DLE technology. The combination of these factors has driven the investor into deep mud. They literally put all their cards on the table. LKE can hang on for 3 years while management pockets well with little work and almost no responsibility. Being an Australian company operating in a country where the currency is devalued by an average of 100% a year, and dealing with all sorts of complicated perks in exchange rates, it is another bonus for management to leave everything as it is while sitting on so much cash. Cheers Michel DYOR Not financial advice.

Expand

What a waste of time. Nobody is buying this, whatsoever.

LKE Price at posting: 82.0¢ Sentiment: Hold Disclosure: Held
10 Upvote

0 Great analysis

Reply

Top Stories

FG1

Flynn Gold reaches milestone exploration target for Golden Ridge

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

HotCopper Highlights: Your most watched and most discussed stocks this week

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

IMU

Imugene kicks off Australian trial for blood cancer treatment

Trump is President Again: What Does This Mean for Crypto?

MMI

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

There are more pages in this discussion • 5,481 more messages in this thread...

First 18661 Last

Add LKE (ASX) to my watchlist

(20min delay)
Last 5.7¢		Change 0.001(1.79%)		Mkt cap ! $99.01M

Open	High	Low	Value	Volume
5.8¢	5.9¢	5.7¢	$242.4K	4.193M

Buyers (Bids)

No.	Vol.	Price($)
7	572878	5.7¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	437091	3

View Market Depth

No.	Vol.	Price($)
7	572878	0.057
14	2155202	0.056
18	976686	0.055
3	71611	0.054
6	194650	0.053

Price($)	Vol.	No.
0.058	437091	3
0.059	610986	5
0.060	347091	5
0.061	288934	2
0.062	682554	5

Last trade - 16.10pm 08/11/2024 (20 minute delay)

LKE (ASX) Chart

LKE towards TOP-5, page-18661

Flynn Gold reaches milestone exploration target for Golden Ridge

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

HotCopper Highlights: Your most watched and most discussed stocks this week

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Imugene kicks off Australian trial for blood cancer treatment

Trump is President Again: What Does This Mean for Crypto?

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Universal Biosensors flat despite fresh deal with US medical product distributor

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

LKE towards TOP-5, page-18661

Top Stories

Flynn Gold reaches milestone exploration target for Golden Ridge

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

HotCopper Highlights: Your most watched and most discussed stocks this week

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Imugene kicks off Australian trial for blood cancer treatment

Trump is President Again: What Does This Mean for Crypto?

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Universal Biosensors flat despite fresh deal with US medical product distributor

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News