I think that the shares are a bargain at their current price. Oil is still regularly trading at US$30.00 - US$32.00 (Brent crude).
I think that we will see quite the surge on the price of Kalrez if they make a news announcement that full production has commenced on the main production facility for the Seram JV.
Just my 2c
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Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach