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15:44
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Originally posted by Deznuts
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If the drill results do come in with good readings we could see many of the investors who were previously with RLC, PNN, ASN and the like moving into LKE. This would see your 16c resistance level pushed up. There are still a great deal of investors on the ASX looking for the next lithium player who will be able to transition into production. I believe many of these investors, including myself, are waiting on the sidelines to buy into a company like LKE when/if they hit the numbers.They could come up with nothing and we will see the stock price dip but I think that eventually they will hit the right aquifers and come thru with the right numbers to produce. It is a matter of when to buy. Any you are obviously interested in buying into LKE also.
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I particularly liked this "The ( new) diamond drilling company has an excellent track record of drilling brines under salt lakes in Argentina. The intention is to assess which of the three rigs produces the best results and the drilling programme will then be extended based on these outcomes.
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