brother, I have been a big lake bull. everything he mentioned is literally in the lake reports. did you not read them? its factual. this is the cold hard truth.
maybe not the bead parts, but everything regarding the CAPEX and power solution and etc. it's all there.
the CAPEX is going to be massive. and it's a fact that they are going to run out of cash since they wont have any revenue until 2028. you legitimately dont think there won't be further dilution? and like he mentioned...since lake's price tanked when they capital raise via dilution it will be incredibly inefficient compared to when they did it in the past.
Level-headed, blunt assessment of Lake Resources, page-194
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