LKE (ASX) Lithium stocks are at bottom of current cycle

Originally posted by La Tache: ↑

Agree, very positive sentiment for the sector for many reasons:
was very oversold (which creates the seeds of the next big run up due to shut down operations, expansion plans or at least investment planning by the would-be producers);
long awaited pull-back in the USD (which became delayed when COVID-19 caused much safe haven USD purchasing) i.e. USD denominated lithium prices become cheaper in other currencies;
China shooting itself in the foot with COVID-19 cover up and deception has emboldened other countries to think more independently and act decisively i.e, of a life less dependent of China, and even to take away some of the market that the Chinese had dominated before the COVID-19 scandal. e.g. the Germans have been in catch-up mode for a while but are rolling up the sleeves now. See this article from Reuters 4 June:
Germany will require all petrol stations to provide electric car charging
as COVID-19 settles down in most influential countries, politicians will again rush for another attention-grabbing issue to associate themselves with. All the zero emissions stuff will be renewed with a frenzy. Wait for the photos to circulate widely - edited or otherwise - of cleaner cities when there was less traffic on the roads.
Energy storage is such a compelling goal. I've never met one person who didn't want to have some back-up power - especially if they generated it themselves - whether for the house or farm, or when camping etc.
Electric motors are so quiet and reliable (with only a fraction of the moving parts), so this too will drive more battery demand, and while technology changes will inevitably alter the mix of ingredients used in batteries, recently announced significant improvements with lithium-based technology will keep it in the mix for some while.

I so wish I didn't have to qualify this enthusiasm but the big issue for me is not the above, IMO, but whether LKE management will properly capitalise on it. I loved the vision in getting the acreage (well done, Steve), and in pursuing this potentially fantastic technology. Another big tick. I've also occasionally seen clever bits of marketing too, but I'm dismayed at an ongoing failure to deliver substantive reporting, on time. This issue started with the original drilling results that were promised in early 2018 but which turned up months later without proper progress reports. There have been other examples along the way but now we have it with the brine samples.

I don't expect perfection but whatever the background is, I do expect a timely, proper explanation to all shareholders, not glib one-liners. Just keep us properly informed, even if things are going slowly. There is a competition for exploration capital. Having bought in during 2017, I'm running out of patience with repeated events where I feel we are not being given properly information to make the ongoing decision to invest.

Expand

LaTache. Have you directed all of that to Steve? What do you hope to achieve by getting all of that off your chest, anonymously, on Hot Copper???!!!! The "sympathy" vote won't change one single thing that concerns you!!!
Let's see if the real money, not impatient ST traders, agrees with you.

No.	Vol.	Price($)
4	731925	4.0¢

No.

Vol.

Price($)

731925

4.0¢

Price($)	Vol.	No.
4.1¢	760271	12

Price($)

Vol.

No.

4.1¢

760271

No.	Vol.	Price($)
3	719925	0.040
24	2445434	0.039
13	1894657	0.038
4	1330812	0.037
10	1425619	0.036

No.

Vol.

Price($)

719925

0.040

2445434

0.039

1894657

0.038

1330812

0.037

1425619

0.036

Price($)	Vol.	No.
0.041	511999	5
0.042	1384013	12
0.043	659666	10
0.044	521887	8
0.045	268269	4

Price($)

Vol.

No.

0.041

511999

0.042

1384013

0.043

659666

0.044

521887

0.045

268269

(20min delay)
Last 4.0¢		Change -0.003(6.98%)		Mkt cap ! $66.52M

Open	High	Low	Value	Volume
4.2¢	4.3¢	3.9¢	$753.4K	18.59M

Lithium stocks are at bottom of current cycle, page-10

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Ava Risk Group expands US presence with A$0.7M Substation Deal

Recce's R327 found effective against E.coli during clinical trial

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Microcap Wrap: 5 explorers with news out today

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Lithium stocks are at bottom of current cycle, page-10

Top Stories

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Ava Risk Group expands US presence with A$0.7M Substation Deal

Recce's R327 found effective against E.coli during clinical trial

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Microcap Wrap: 5 explorers with news out today

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News