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3.7¢ lake resources n.l.

Ann: UPDATE ON COST REDUCTION ACTIONS, STRATEGIC PARTNER PROCESS, page-66

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Banana1234

666 Posts.

54

04/03/24

20:48

Post #: 72740142
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Originally posted by gassed: ↑

Very well put deduction Cheeky-Charm.
If one takes a non-emotive look at what really has, materially, smashed the SP and has been so very heavily shorted, I belive that your conclusion will ultimately be fully supported by the general market.
I won't do a step by step analysis, been there done that, but, people taking a look at Llake as a BUY, seeing it on the top of watch lists for example, must look at what's happened since March 2022, and the only conclusion tht one can make is that THE most significant factor that has brought the SP down by 98+% from $2.64 has been SHORTING.
And, if people analyse WHY that shorting has been so dominant, they will see several OBVIOUS, LEGITIMATE, CAUSES.
Using a "fair" assessemnt of those dominant causes, one will see that, with todays' announcement and plans by the company, those most significant, if not ALL, of those reasons have been and intend to be completely erased.
I.E. Why, therefore, should the SP remain at .12.8 or lower???
YOUR conclusion, and "logic", is very strongly argued. Good luck with your decision.

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can you compare apple to apple?? The amount of short on PLS vs LKE and how the short position effect the share price????

LKE Price at posting: 12.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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(20min delay)
Last 3.7¢		Change 0.001(2.78%)		Mkt cap ! $61.73M

Open	High	Low	Value	Volume
3.7¢	3.7¢	3.6¢	$82.85K	2.249M

Buyers (Bids)

No.	Vol.	Price($)
11	1569155	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	944575	9

View Market Depth

No.	Vol.	Price($)
11	1569155	0.036
43	2471589	0.035
15	1973716	0.034
13	1233197	0.033
11	1162415	0.032

Price($)	Vol.	No.
0.037	944575	9
0.038	1013453	12
0.039	1326232	11
0.040	963927	19
0.041	1499539	7

Last trade - 16.10pm 29/07/2024 (20 minute delay)

LKE (ASX) Chart