“Lithium up-and-comers are in a tough spot as prices for the commodity sit at around 85% from November 2022 highs. Should these developers and marginal producers continue pushing forward and pray that prices recover? Or wind operations down to preserve cash?
Regardless, here’s an example of why things can get ugly.
Lake Resources (ASX: LKE) reported its Kachi Project Phase One Definitive Feasibility Study ….”
“ …. it's fair to say that the project is not feasible if current prices persist. “
https://mailchi.mp/marketindex/weekend-newsletter-2525102?
Note.
-Reference provided.
-Less than 10% of “Weekly Wrap” copied so within understood Australian copyright allowance.
DYOR
Ann: LAKE RESOURCES KACHI PROJECT PHASE ONE DEFINITIVE FEASIBILIT, page-539
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Last
5.0¢ |
Change
-0.002(3.85%) |
Mkt cap ! $86.85M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.3¢ | 5.0¢ | $205.1K | 4.009M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 2017442 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.1¢ | 17000 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LKE (ASX) Chart |