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38.0¢ lithium energy limited

Ann: Hole 7 Commences & Hole 6 Intersects Lithium at Solaroz, page-81

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10,471 Posts.

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21/07/23

11:00

Post #: 68905754
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Originally posted by Josho737: ↑

I guess there are 5 reasons why some are upset here.

- CR could have been higher (I think this may have been tricky to do unless if they arranged for someone to pay a premium, otherwise the best they could have done was 90c imo, as a bit over 10% off seems to be the asx standard)

- CR should have been done with someone else other than Canaccord

- SRK selling LEL shares on the market. (Best option would have been to see if any other co was willing to buy SRK'S LEL shares.)

- Lack of promotion

- Plenty of good news with no positive action on SP being sustained. (The above 4 points and LKE's landslide creating poor sentiment across the Lithium brine space are perhaps keeping a lid on this stock.)

As far as progress goes, it has been pretty good, drilling maybe could be a bit faster at Solaroz, but I understand drilling brine takes a lot of time.

Most of the complaints are financial/marketing related.

Then again the financial side of things here are certainly far from the worse across the ASX, when you consider some are doing CRs at 1c and below and have billions of shares on issue.

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Some perspective is required indeed.

LEL Price at posting: 72.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 38.0¢		Change 0.005(1.33%)		Mkt cap ! $42.56M

Open	High	Low	Value	Volume
38.0¢	38.0¢	37.5¢	$12.43K	32.74K

Buyers (Bids)

No.	Vol.	Price($)
2	10110	38.0¢

Sellers (Offers)

Price($)	Vol.	No.
39.5¢	25000	1

View Market Depth

No.	Vol.	Price($)
2	10110	0.380
2	19744	0.375
2	5239	0.365
1	2816	0.355
1	10000	0.350

Price($)	Vol.	No.
0.395	25000	1
0.410	24454	2
0.420	26500	2
0.430	30063	2
0.435	11570	2

Last trade - 15.23pm 18/10/2024 (20 minute delay)

LEL (ASX) Chart