Foreign direct investment to Argentina has plunged substantially., page-47

In its statement, the company said Project Kachi was “poised to lead the industry in the production of high-quality lithium with minimal environmental footprint”.

On 3 April, Lake Resources announced independent verification of above 99.8% grades and purity for lithium carbonate that was converted from 40,000 litres of lithium chloride produced at its flagship Kachi Project in Argentina using the DLE technology.

Seems to be the short selling was based off J capitals claims that there extraction method doesn’t work. If Lilac have proven that it does which seems like it has then what a great position for holders or buyers to be in. The stock could well be at or near the bottom. Really the main concerns would be current market conditions.

I stand by my statements about the shorting. Anything under 10% is pretty normal. If people consider what has happen across the lithium sector with drop in prices as well as times of high inflation and high interest rates one can assume even without a director selling there would be some sell off especially with gains of over 3000%.

I think holders have a cracking stock on their hands.

it’s no surprise people like Sge are here in the threads. Firstly he is latching on to old news and he’s also someone who’s invested in another stock that’s claiming first mover advantage, vertically integrated etc yet can’t get funding and it’s plans have gone up in smoke.

lilac fortunately has had cash injected and had a chance to prove its tech works and has. This could be big in my view.