LKE 4.55% 4.2¢ lake resources n.l.

2021 and beyond, page-4121

  1. 5,007 Posts.
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    Hi nathanaas it all depends on your situation plus what you think the future holds. Its never a bad idea to lock in profits as they say no one ever went broke taking profits. Theres plenty of noise that the market is due for a correction but theres plenty of noise to say that the lithium space has still a lot to come. The lithium shortage that we all expect has yet to arrive and as someone said LKE is yet to produce at commercial quantities. Getting into production always raises unseen issues. Theres also the fact that LKE may make some really important announcements soon. If we are as good as VUL then we should be trading at $1.20 They are more advanced in a better country but we have multiple projects in the wings.
    Personally I sold some at 50% profit to reduce risk some at 600% profit to pay off the mortgage and the rest have ridden to a 1100% profit but its only 1100% if I sell and Im not selling till it goes over $1 and that will probably too early IMO
 
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