LKE 0.00% 3.8¢ lake resources n.l.

99.97 !!!!!!, page-103

  1. 10,293 Posts.
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    There is an alliance - the terms which I am not privy to. However to change course to an "independent" group that infer 4 possible reasons:
    1. Lilac cannot effectively convert lithium Chloride to carbonate in bulk.
    2. Lilac can but has issues with the flow-process to achieve optimum results I.e I say this as the levels of potassium were mentioned in the Hazen results which were absent in the Lilac results.
    3. Lilac can but it wants to determine whether a reputable lab can provide further optimisation to what it can already produce.
    4. Lilac can but the ind. ustry needs indep
    endence as they regard the alliance to not bring about independence.

    I really do not know which of these options however Hazen has delivered the purity and now it is about proving to the market it can deliver the volumes.

    This is a story based on disruptive technology and hence will have various issues that needs to be overcome. Delays, shirt-tern failures Capital, Capital raising, Pump and Dumps are all expected. The key is that imo Steven has taken this bold step to utilise the Kachi Resource and should be commended not condemned. I still believe that the board needs to be changed to reflect the next phase in the company development (Not a replacement to Steven but an enhancement to the board that reflects it's path).


 
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