LKE 3.51% 5.5¢ lake resources n.l.

Great assessment randosmith!!! Monday's result was telling the...

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  1. 22,270 Posts.
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    Great assessment randosmith!!!
    Monday's result was telling the market that they had reached their planned TD and it ended up in that red clay althoughconductive brines were intersected at 356m and 386m and will be reported shortly.• Detailed sampling to be completed by end July.
    It was not meant to be a "results" announcement, just a completion of the drilling.But, the "market" saw it differently.
    What did people expect them to do (a) after testing that section from 280 to 460 they discovered that there was brine in the samples that they took and, as they stated, they "reported shortly", today, three days later.
    And what have they done, they stuck with their concept idea which they have continually announced, that there was more to be found "at depth", it's just that "their" depth, their "target" TD was 450M and they stopped there, as planned.
    But, seeing those results, they have decided that while the drill was in the hole and as we saw with that difference in the depths of the horizons from the adjoining property, they have decided to continue drilling a bit deeper.
    There are no guarantees there, but, from the reaction, they have understood that the market wanted them to fully test the depths, even though these tests have already shown that they have doubled the brine bearing zone from 144m to 288m. " This is now a widerpay zone of lithium brines than at the adjoining project exceeding what was reported by Advantage Lithium andLithium Americas in this area.

    Those stop losses were triggered too soon, BEFORE, seeing the results that we were told would be reported shortly. DYOR TAs and DTs.
 
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