LKE

1.64%

6.0¢ lake resources n.l.

Ann: Advisor Appointed for Debt Funding, page-34

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Chris2184

10,833 Posts.

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10/10/19

09:41

Post #: 40808093
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Originally posted by gassed: ↑

Come on Chris2184. To pump is not necessarily with bullshit hot air that usually takes place on these forums, I'm glad that you put it in inverted commas as is has many meanings and you've taken it in the very worst context.
No one, especially me, is suggesting that "management" needs to use bullshit to "pump" the price up, take a read of Jojjo84s explanation.
The COMPANY has to be re-rated, because "words" have failed dismally many times to lift the SP.
Steve is probably so pissed off belting his head up against a brick wall seeing all of that good news being ignored and the SP @ .04 and it being used as a playground for ST punters!!!
That SP is an absolute killer for him when he is trying to continually raise cash to keep the company afloat, so, he has now listened to all of those "interested parties", where the REAL money is, telling him that they are not "interested" until he does the PFS and get's pre-production results from the pilot plant at Kachi.
He has now totally accepted that "the market" is not going to do anything about the SP with drilling results and he's going to give the "interested parties" (ST punters are certainly not on his radar) what they want and has declared absolutely that LKE is in pre-production stage. Period.
It's ALL spelled out in his latest announcements for all to see and you can bet that if there is any news worth telling he will tell us ASAP.

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My reply was purely in response to your comment below. You suggested management have scrapped announced plans to drill due the low SP.

I believe the SP is a result of an extremely weak sector, no lithium company has escaped the down turn. Progress should proceed regardless of sentiment, which is why LKE have decided to go down the debt path to pre-production.

LKE Price at posting: 4.0¢ Sentiment: None Disclosure: Not Held
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Last 6.0¢		Change -0.001(1.64%)		Mkt cap ! $104.2M

Open	High	Low	Value	Volume
6.1¢	6.2¢	5.7¢	$463.0K	7.772M

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No.	Vol.	Price($)
2	68474	5.9¢

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Price($)	Vol.	No.
6.0¢	313567	3

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No.	Vol.	Price($)
2	68474	0.059
3	2589680	0.058
3	300000	0.057
12	227312	0.056
12	722907	0.055

Price($)	Vol.	No.
0.060	35784	2
0.061	163934	1
0.062	288792	5
0.063	368373	2
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