Everything you have said is all well and true..
What I would say to that is, LKE has potential no doubt. Whether that is with Lilac, I don't think so. No DFS, No contracts, unproven DLE technology .. 1.5B MC? That is an insane figure for a company with so much risk to so much that still needs to unfold. LKE marketing has been great the SP surged way beyond fair value, which set in motion unrealistic expectations.
Great if you are taking profit though. Given how many bags holders would have made on LKE, it has still been great for many. However it may now be time to seek out safer investments within the lithium space.. I like to look at my investments on a risk vs reward matrix .. For me, the risk vs reward on LKE does not stack up ... Not when the SP is still sitting well and truly above fair value.
Everything you have said is all well and true..What I would say...
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Last
3.8¢ |
Change
-0.002(5.00%) |
Mkt cap ! $63.40M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.1¢ | 3.8¢ | $230.1K | 5.879M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 4289511 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 160348 | 3 |
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| Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
| LKE (ASX) Chart |