News: LKE Lake Resources cuts staff, eyes asset sales amid low lithium prices, page-59

Stevieg999 why on earth will LKE go into voluntary liquidation? When I started with LKE in 2018 they had just over $1 million in the bank. Now at last count it was $30 million. Once they have cut costs which seems to be what they are doing they can survive for quite a while. Long enough for the lithium price to recover? And as to DD doing the same at McDermott well I can't see the comparison McDermott's went broke because they purchased a company that they should have left alone. That gave them an unmanageable level of debt which they resolved by invoking chapter 11. LKE hasn't purchased any toxic company. LKE doesn't have any debt and Australia doesn't have chapter 11. LKE are in trouble because the lithium price has crashed from $80 to $13 per kilo.