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3.9¢ lake resources n.l.

He said when the sp was back 0.85. If you listened to him, it...

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JJ2009

124 Posts.

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20/06/22

12:01

Post #: 62090407
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Originally posted by dugsab: ↑

Perhaps John Deniz from Paragon said it best:

"John Deniz (SELL): Ally, it's a massive sell. If you could get the borrow, you'd want to short it. You do not want to be left holding the bag as they go into the truth-telling phase. They've got a challenging direct lithium extraction brine asset, poor management, a really lightweight board and their joint venture partner, I'd almost call a joke. They paid nothing for their 25% interest, which is a big red flag and it says a lot about the asset.

But more importantly, the resource - it's got a substandard brine and the only way they'll make it work is by throwing lots of acids at it. And good luck with that. It's going to be an expensive process and we doubt they'll get anywhere near their overly promoted project parameters. And if you pro-rata the market cap up, the market is paying almost $1.8 billion for the asset, which is so expensive."

Just my opinion of course...and I'm usually wrong.

IMO DYOR

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He said when the sp was back 0.85. If you listened to him, it would be so wrong

LKE Price at posting: $1.45 Sentiment: None Disclosure: Held
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(20min delay)
Last 3.9¢		Change 0.001(2.63%)		Mkt cap ! $65.07M

Open	High	Low	Value	Volume
3.8¢	4.0¢	3.8¢	$198.0K	5.110M

Buyers (Bids)

No.	Vol.	Price($)
14	2870891	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.0¢	2084019	13

View Market Depth

No.	Vol.	Price($)
14	2870891	0.038
18	1896999	0.037
21	1845797	0.036
37	3840575	0.035
19	2151004	0.034

Price($)	Vol.	No.
0.040	2084019	13
0.041	1255508	7
0.042	1316000	5
0.043	560000	4
0.044	667755	4

Last trade - 16.10pm 26/09/2024 (20 minute delay)

LKE (ASX) Chart