Share price set to "explode" if the resource is greater than...

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brunk

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31/10/18

21:01

Post #: 36341126
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Originally posted by pos1963: ↑

Posted Monday

https://www.marketsandmoney.com.au/why-lake-resources-ltd-jumped-today-asxu/2018/10/29/

Bottom line

"The bottom line: we like the story’s potential, but would be more interested if the company held more cash on hand. That aside, the company’s future really comes down to the upcoming resource estimate. If it announces more than one million tonnes of lithium brine at Katchi, the share price could explode ― the market could anticipate another takeover target in the making"

Interesting to note that the 17.5% surge which attracted the author's attention was the recovery from a sale of aro 5.000 shares sold at a low price on the closing bell in an attempt by the seller to depress the market and pick up low price shares the next day (an interesting "theory") The seller acknowledged this in a previous thread..

Nothing lost we'll take it. But makes you wonder about the depth of research by "investment experts".

The train on Platform 1 leaves for all points North at 10.00. All aboard

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Share price set to "explode" if the resource is greater than 1,000,000 tonnes?
Anyone care to guess how many tonnes of "resource" an area 22 kms x 8 kms x by let's say 500 metres deep might contain?
(Btw the ceo said they believe it's between 600 and 800 metres deep)

LKE Price at posting: 8.9¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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Last 6.1¢		Change 0.000(0.00%)		Mkt cap ! $107.7M

Open	High	Low	Value	Volume
6.0¢	6.3¢	6.0¢	$124.4K	2.037M

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No.	Vol.	Price($)
7	308311	6.0¢

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Price($)	Vol.	No.
0.062	329883	5
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