Hi Cloud Josh yes I sold my shares because I could no longer buy the argument that someone is going to become a strategic partner. I also doubt that the lithium price will return to $30 a kilo anytime soon. I think it will return to $20 but it will struggle because everyone will ramp up production when the price rises. The final trigger was the CEO selling shares at 8.4 cents.
LKE is currently selling at at 7.4 cents. I do see some upside. The price is depressed because of the capital raise and over the past few days the spot price of lithium has been rising. Any decent spot price rise should raise all lithium boats.
I keep a keen interest in LKE because I think the idea of producing high grade lithium in a sustainable way is a worthy aim for any company.
LKE 2.0, page-1658
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Last
3.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.90M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.7¢ | 3.5¢ | $57.12K | 1.596M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 214450 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 2205200 | 17 |
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| Last trade - 14.59pm 31/07/2024 (20 minute delay) ? |
| LKE (ASX) Chart |