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4.0¢ lake resources n.l.

Ann: UPDATE ON COST REDUCTION ACTIONS, STRATEGIC PARTNER PROCESS, page-66

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Banana1234

736 Posts.

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04/03/24

20:48

Post #: 72740142
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Originally posted by gassed: ↑

Very well put deduction Cheeky-Charm.
If one takes a non-emotive look at what really has, materially, smashed the SP and has been so very heavily shorted, I belive that your conclusion will ultimately be fully supported by the general market.
I won't do a step by step analysis, been there done that, but, people taking a look at Llake as a BUY, seeing it on the top of watch lists for example, must look at what's happened since March 2022, and the only conclusion tht one can make is that THE most significant factor that has brought the SP down by 98+% from $2.64 has been SHORTING.
And, if people analyse WHY that shorting has been so dominant, they will see several OBVIOUS, LEGITIMATE, CAUSES.
Using a "fair" assessemnt of those dominant causes, one will see that, with todays' announcement and plans by the company, those most significant, if not ALL, of those reasons have been and intend to be completely erased.
I.E. Why, therefore, should the SP remain at .12.8 or lower???
YOUR conclusion, and "logic", is very strongly argued. Good luck with your decision.

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can you compare apple to apple?? The amount of short on PLS vs LKE and how the short position effect the share price????

LKE Price at posting: 12.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 4.0¢		Change 0.000(0.00%)		Mkt cap ! $66.74M

Open	High	Low	Value	Volume
4.0¢	4.0¢	3.8¢	$118.5K	3.031M

Buyers (Bids)

No.	Vol.	Price($)
9	740355	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	456549	6

View Market Depth

No.	Vol.	Price($)
9	740355	0.038
7	635864	0.037
13	823798	0.036
19	1295954	0.035
13	1353267	0.034

Price($)	Vol.	No.
0.040	456549	6
0.041	550000	2
0.042	1348932	9
0.043	778883	5
0.044	637680	6

Last trade - 16.10pm 04/09/2024 (20 minute delay)

LKE (ASX) Chart