LKE 5.26% 4.0¢ lake resources n.l.

Ann: Appendix 3B, page-4

  1. Suw
    2,141 Posts.
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    Teddie...In my opinion we have to give BOD time till end of this year or till Q1 2020. If PFS is positive and makes Kachi a viable project as we expect and if they are successful in getting $25m funding, then your 10’s of millions of conversion will not happen because (Hopefully) small part of 25m funding will be used to settle current debt. If BOD is successful in getting positive PFS, 25m funding and pilot project as planned and execute it by Q1 2020, I believe most of the SHAREHOLDERS will forgive and forget the current debt arrangement made by BOD. Assuming all these three pans out well, SP will be north of 10c by Q1 2020. Sometimes, we shareholders have to be patient and most importantly understand the reasons behind current SP and it’s potential in the next 3 to 4 months. I have waited for more than 2 years...and don’t mind waiting for another 3 to 4 months, considering very likely significant upside, whilst accumulating more at these prices.
 
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