Ann: Operational Update, page-86

Surely Lake @ .041, is now nothing other than a dead set pure punt!! Ferk TAs and FAs.
Absolute traders' honey pot, a few pips here and there, nice pocket money. All this high faluting talk at this level is really a waste of just academic hot air.
So, let's look at it as a pure punt, pips and percentages, risk/reward.
What's mainly dragged the price down this low and let's just look at basics without getting involved with "management." PUNTING.
Very low price of Lithium, project too expensive for a pissy little company, no power, needs funding, needs partners, needs offtake contracts, 29 million open shorts, just for starters.Let's just say.
And the market, having them at .041 and below, with hardly any retail buyers, has made that judgement in spades.
So, what would a punter be looking for at these bottom prices. Hmmm. What's Lake doing at the moment? What's the chatter about Li prices and its future.
Say, let's just say for the fun of it, that the price of Li RISES, that the shorters diminish, that some retail (punter's) money starts coming back, that that largest power provider comes up with a plan, that someone wants to jump in and join the project, that someone comes in with an offtake contract. Say just ONE of those comes up!!!
Just say, it's a pure punt remember, pips and percentages, risk/reward @ .041!! Hmmm.
4 grand gets you 100,000, each pip is worth $100, each cent is worth $1,000!!! Hmmm.
Worth a punt???