Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-69

Facts:

Lake diluted shareholders by 25% in one year

The company needs $600 billion to $1 billion in capital expenditures to produce 25,000 to 50,000 tonnes of lithium per year

There are no binding agreements for offtake

The company has not secured financing

Lake has no DFS

Steve Promnitz has not yet returned 1,000,000 AUD to the company

Lake has managed to burn 55,000,000 AUD in 6 months

Many tenements have not been awarded yet (my sources tell me that many of the applications can be bought out by smaller companies - the government has preferential treatment for Chinese companies)

The new management is very silent

At the current pace, management has only 1% liquidity left before massively diluting shareholders

Lilac has secured 25% of Lake's best tenements

Stu Crow is no longer actively involved in the company

The project manager for Kachi quit 2 weeks ago

Lake has questionable coverage by analysts who option in return for favorable coverage

Argentine government prepares legislation



DYOR