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4.8¢ lake resources n.l.

OBSOLESCENCE, page-162

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pos1963

312 Posts.

63

18/05/20

09:49

Post #: 44672209
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Originally posted by gassed: ↑

Thanks malmanu. "100% ownership of Kachi , no reason why we couldn't sell a percentage of it to fund development or other deposits/acreage held elsewhere". That is my Number 1 hope. Sell part of the asset, equity alone at these prices only means further massive dilution. Second to outright part sale of the asset would be an offtake agreement with sufficient up front capital to enable development to production level.
A loan???? Last resort from the hand that Steve holds.

And later comments by management suggest that that 4.4million tonnes is based upon only 22% of the entire lease, implying that the resource could treble that amount with further drilling. There IS a massive prospect of FOMO developing to shore up guaranteed supply to the manufacturers, both stages, the battery manufacturers and the vehicle manufacturers competing.
Steve has a great responsibility to drive this to it's maximum potential for the benefit of all shareholders.
An early decision based on the current SP and wishing to please impatient ST holders, happy for a few piddling cents increase in the SP, could bring it all undone.

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And then there is another 230 billion tonnesof Li in the oceans.

LKE Price at posting: 3.2¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 4.8¢		Change -0.002(4.00%)		Mkt cap ! $79.83M

Open	High	Low	Value	Volume
5.0¢	5.0¢	4.7¢	$374.0K	7.683M

Buyers (Bids)

No.	Vol.	Price($)
14	870077	4.7¢

Sellers (Offers)

Price($)	Vol.	No.
4.8¢	12772	2

View Market Depth

No.	Vol.	Price($)
14	870077	0.047
15	1448542	0.046
25	1342366	0.045
3	816500	0.044
3	126001	0.043

Price($)	Vol.	No.
0.048	12772	2
0.049	491351	3
0.050	2573237	16
0.051	640392	6
0.052	970568	12

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