LKE 0.00% 3.6¢ lake resources n.l.

Ann: Operational Update, page-64

  1. 2,811 Posts.
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    I don't disagree with you but here's the problem for LKE, if lithium prices stay low they wont be in production for 5-8 years, with 20 employees and directors on huge wages, with an asset that has an unbelievable amount of technical hurdles to overcome and one of the largest capital intensive lithium projects in the world, what exactly is the point in investing when there are so many companies that are in profit right now? There could be 10 CRs between now and something happening, LKE could end up with an SOI similar to SYA were even if they reached 1bn MC it would only be worth 8c.. There is virtually nothing that lake can announce this year which is gonna send the SP up more than a few percent, copper prices is currently going through the roof, why stick with the same companies who have already failed you?
 
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