Hi Trufflehunter, At the last annual report Acuity held 65,200,000 LKE shares. With such a significant holding I think it is reasonable to assume that Acuity is committed to the success of LKE and therefor more likely than not to keep funding. Its all a matter of can they keep the funding going until the price of lithium recovers.
As to the future price of lithium I have no idea I was stunned when during a lithium boom the price could drop 85% LKE are betting that the price will recover to profitable levels towards the end of this decade. Can LKE survive that long?
I don't put any faith in the idea that they will attract a strategic partner. Right now if someone offered them 1/2 the market cap for 30% of Kachi it would only keep them going for 6 months at this rate of cash burn.
Hi Trufflehunter, At the last annual report Acuity held...
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