LKE 5.26% 4.0¢ lake resources n.l.

Ann: Lake Resources Update on Kachi Pilot Plant, page-530

  1. 4,931 Posts.
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    Well, I don't think that I have buried my head anywhere. I'm a long term holder with an obvious bias for this groundbreaking development to succeed both for my own personal interests and for the interests of the lithium industry which needs to progress beyond the 2000-year-old extraction method.
    LKE has a number of positives, these being 5 Lithium projects and money in the bank. Lithium remains a commodity that some call white gold. LKE has a technology partner that has revolutionary technology and who has kicked $50 million into the Kachi project.
    Recently we have had to deal with a number of negatives.
    1: The CEO left abruptly, but he and the company have issued statements to the effect that it was an HR issue, not an issue about the viability of the project.
    2: The company has announced that it is in dispute with Lilac over benchmark dates. Without further information, it doesn't seem like a big deal, and it may just be the company complying with its legal obligation to inform the market about developments.
    3: The company's website has been suspended. I have no idea what this is about, and from reading commentary, I don't think anyone else knows.

    The share price has taken a hit, god we haven't plumbed these depths since August 5 (read this as sarcasm). We shareholders obsess over share price, but I don't think that the people who run the company do. I hope not. All I hope they obsess about is getting Kachi Lithium out the door of the Kachi processing plant, you know the plant that the negative Nellies said would never be built and then when it was being built said look its only 3/4s built.
    I want to see people contribute here that have real concerns and want a discussion, but 99% of what we get is just people trying to get a rise to satiate some psychological need. I'm afraid your comment adds nothing to the discussion other than to provoke a response from me. Mission accomplished (again, read this as sarcasm)
 
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