The reactions that we get when we post something current and factual - detailing progress reported by the Company - are not unexpected.
The majority of responses go back and re-hash historical posts put up whilst Lake was riding high on a previous Lithium wave where all Lithium stocks had great upward momentum.....with every attempt being made to try to discredit and put off any of us Shareholders that remain. Those that try to talk about Lake's current progress (detailed by the Company), are full of wild assumptions to fill in the gaps for their "estimations" and "calculations" - like assuming "$USD100/MWh" being charged for electricity for businesses in Argentina....when you look up the reality, it is less than half of that at $USD40/MWh - see below. There always seems to be an "assume this" or a "just say that" involved. Their aim seems to be to do all that is possible to evoke an emotional response in Shareholders to facilitate a second strike on the remuneration report and a spill of the Board at the next AGM to disrupt progress and turn everything upside down. Those driving this agenda are not Shareholders, so their only option to achieve their aim is to "convince" us Shareholders to vote down the remuneration report to get the result that THEY want - NOT US! Just think of what spilling the Board would actually result in.
The newfound stability and reported progress of the "Lake 2.0" Team (as they have been branded more than once) has been a very positive step as far as I (a Shareholder) am concerned. Yes, the remunerations of the team are significant - but what would you expect be paid to a team taking this Company from where it was (a Developer with a great idea, an innovative partner and a huge land holding in the Lithium Triangle) to where it wants to be (a Producer with 50kTpa Lithium Carbonate plant capacity in 2030 and continuing to expand)? I for one, am very impressed with what David Dickson has brought to the table - his very relevant contacts and his focus on the areas that a CEO should be focussing on (high level strategic moves and relationships) set the foundations for the future of the Company. Whilst other very impressive people like Scott Munro, Jonathan Neilsen and Sean Miller get all of the important groundwork done to very methodically make it all happen on the ground. IMO, they have demonstrated they have the required skillset to get it done by covering what they are doing and how they are doing it in the first two update webinars.
The high level DFS will highlight the reality - without all of the wild assumptions. So we wait for that in December.
In the meantime, do your own research and rationally satisfy yourself regarding how you will vote at the AGM.
LKE Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
(20min delay)