LKE 2.56% 4.0¢ lake resources n.l.

Ann: Drilling confirms large scale Lithium Brine Basin Kachi, page-48

  1. 21,921 Posts.
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    Thanks Snooper. That "significant overhang" that you refer to, is that relating to the issue of 25 million shares on 9 and 13,707,506 on 26 April from the recent conversion of options @ .05?
    I note that around 12.5 million were sold off in the 7 days after the first issue, which represented a significant jump in volume from previous activity, but, until the last two days where over 6 million have been sold, there was only minimal volume.
    Is it fair to conclude that the balance remaining could now be being held longer term and not really a "significant overhang" problem?
 
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