LKE 1.61% 6.1¢ lake resources n.l.

Ann: Lake and Lilac Announce Achievement of Milestones at Kachi, page-113

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  1. 4,605 Posts.
    lightbulb Created with Sketch. 3188
    https://hotcopper.com.au/data/attachments/4958/4958203-606a5bcf4d758cdba256c2a044738bc1.jpg

    This was posted earlier in 2022.
    The demo plant has only been operating a couple of months.
    They are shipping the eluate to Saltworks for conversion into LiCO3 within a couple of months, not 3 to 4 months.
    Later in the year has become early in the next year, but time frames have not shifted that drastically.

    What is happening with the FUD at the moment is a kind of reverse FOMO, where expectations are being manufactured that a lever can be turned & magically out pops a gumball. And if that gumball doesn't pop out, there will be no gumballs. Or if it does it's not the colour promised.

    They want shareholders, management, the project delivery team, financiers, offtakers, cornerstone investors, everyone to panic & think that the end of the world is upon us when their magic gumball machine is a complete fabrication.
    What Lilac & Lake are doing takes time.

    An example with a company that has been there done that before & what they were up against is Fortescue's Ironbridge project.
    The magnetite project is expected to deliver first ore in the first half of 2022 and is expected to have a life of more than 20 years.

    That is now a year late.
    12-week review complete. After a 12-week project review – flagged in early MQ21 – FMG delivered updated project headlines including project capex upped by as much as $US900m. The full-scale review covered the cost and progress of the major construction project. The final figures come after an internal review of the project’s schedule, cost and timing.
    First production at Iron Bridge has been delayed from December 2022 through to March 2023.

    I'm not panicking.

    Lilac & Lake, Dave & Dave have got this.
    Last edited by Propunter2: 10/01/23
 
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