Now that the hacked together DFS been released raising more question marks, than answers given (After being in development for 4-5 years).
The SP remains subdued, lithium 3.0 looks like being 7 years away (According to wood mckenzie), yet LKE are in desperate need of cash given their $20-30m cash burn rate per quarter.
The writing is on the wall that a 10c cap raise is on the cards.
Whilst the company tries to drum up +$2billion in cash for a project that is uneconomical until pricing is above US$30k a tonne.
Do we mention the power issue that is still yet to be worked out for a supposed "Bankable Study"....... no bank in the world will finance this project based on todays information alone
Ann: LAKE RESOURCES KACHI PROJECT PHASE ONE DEFINITIVE FEASIBILIT, page-147
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Last
3.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $63.40M | |||
| Open | High | Low | Value | Volume |
| 3.9¢ | 3.9¢ | 3.7¢ | $47.24K | 1.248M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 160636 | 3.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 1073748 | 5 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| LKE (ASX) Chart |