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LKE

1.64%

6.0¢ lake resources n.l.

You are in great form post1963. A pleasure to watch. Thanks...

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22,225 Posts.

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28/06/19

09:22

Post #: 39281150
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Originally posted by pos1963: ↑

The penny is starting to drop. You have the facts but I believe have drawn an incomplete conclusion and miss the real strength of Lake.

I doubt that anyone believes that Lake of any company has the financial or management capacity to develop three projects simultaneously (four including Paso).

Think through the programme and you will understand how the Company has de-risked its entire operation with multiple choices and solid funding opportunities. That funding will reduce the extent of a capital raise (dilution) required to execute development of Kachi and probably one other.

It is flexible allowing a decision whether Cauchari or Olarez is the project of choice based on the quality and extent of either resource . Paso is anyone's guess.

What you might call a wealth of riches. That is what will underpin a sustainable increase in the revaluation of the Company that we all hope is imminent. That is what attracts professional investment. Not the (exciting) results from one exploratory well.

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You are in great form post1963. A pleasure to watch. Thanks again.

LKE Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 6.0¢		Change -0.001(1.64%)		Mkt cap ! $104.2M

Open	High	Low	Value	Volume
6.1¢	6.2¢	5.7¢	$463.0K	7.772M

Buyers (Bids)

No.	Vol.	Price($)
2	68474	5.9¢

Sellers (Offers)

Price($)	Vol.	No.
6.0¢	313567	3

View Market Depth

No.	Vol.	Price($)
2	68474	0.059
4	2629680	0.058
3	300000	0.057
12	227312	0.056
13	722908	0.055

Price($)	Vol.	No.
0.060	313567	3
0.061	188934	3
0.062	288792	5
0.063	368373	2
0.064	546877	3

Last trade - 16.10pm 01/11/2024 (20 minute delay)

LKE (ASX) Chart

You are in great form post1963. A pleasure to watch. Thanks...

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You are in great form post1963. A pleasure to watch. Thanks...

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