LKE 0.00% 3.4¢ lake resources n.l.

Ann: Annual Report to shareholders, page-40

  1. 21,534 Posts.
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    Has this been ignored by everyone? TOP 20 1 October 2022. TOTALS 559,175,718 40.23%
    This is fundamentally what is not being fully understood. LIQUIDITY.
    Did everyone note that the total volume of shares that were traded to take the SP from $1.66 to $2.65 was just over 250,000,000 over a period of 12 days, an average of just over 20,000,000 per day!!!
    NO ONE wanted to sell even at those prices!!

    This company is very tightly held, 40.23% by the Top 20 alone, and you can bet that the vast majority of the remainder are very tight fisted holders, based on a massive build up of expectation that all the news will be good and we continue sailing towards up to double digit SP numbers down the track!! Yes..
    The goose that laid the golden egg and will transform peoples' lives beyond their wildest dreams, when they were picking up their hundreds of thousands for peanuts. Not any more.

    So, how many of those are going to sell for less than $1, less than $2, less than $3. Certainly not all of their holdings anyway.
    So, who is going to sell, who are the shorters going to buy those, what, 100,000,000 plus, from??

    Not the vast majority of LKE shareholders!! So what does that tell us???
    Appreciate any comments, as we all have seemed to have completely diverted from what is still the most damaging factor to the value of our investment. Shorters.

 
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31 2222612 3.3¢
 

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3.4¢ 1638132 7
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