LKE 6.98% 4.0¢ lake resources n.l.

Where did all the $$ go?

  1. 7,266 Posts.
    lightbulb Created with Sketch. 1877

    From a peak cash holding of nearly $180m in 2022 to now around $30m - how did Lake manage to spend circa $150m?! Is there anything to show for this?

    The capital position improved vastly in 2021-22 when punters were participating in multiple capital raising and converting options - but an even more spectacular cash burn rate IMO.

    What business value was gained from this expenditure? Was this responsible and prudent financial management?

    I wonder how much Lilac spent on Kachi... my best guess would be a 'little bit less' than Lake rolleyes.png


    https://hotcopper.com.au/data/attachments/6048/6048222-98f3c47b22972f57e751600cabd01e1d.jpg

 
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