Sel...We..th this morning. Lake Resources shares crunched. Coal stocks defy sell-off, extend year-to-date gains.
Link Administration takeover up in the air.
With investor anxiety creeping higher this week, growth stocks have been battered as hopes of inflation peaking in the US were dealt a reality check.
Lake Resources (ASX: LKE) sinks on news the company is in dispute with key partner Lilac Solutions. What are the two parties divided on?
Ever the volatile name, lithium explorer Lake Resources (ASX: LKE) was hit with a wave of selling pressure this week as the growth stock became a central victim amid risk-off sentiment. While negative conditions in the market were a headwind for various growth stocks to contend with, Lake Resources was struck a blow when it disclosed to the market that it is in dispute with its key partner Lilac Solutions. The disagreement stems from a deal that allows Lilac to earn a stake up to 25% in the Kachi Project, where Lilac is required to produce at least 2,500kg of lithium carbonate equivalent and complete over 1,000 hours of operations at the site’s Pilot Unit. While the duo do not dispute those terms, they are in disagreement about the deadline to achieve such milestones, with Lilac arguing it has until the end of November, but Lake Resources claiming the deadline is due at the end of September. If Lilac does not fulfil its requirements by the relevant deadline, LKE would be afforded certain buyback rights across the stake of the project in question.
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Last
4.4¢ |
Change
0.002(4.76%) |
Mkt cap ! $73.41M |
Open | High | Low | Value | Volume |
4.3¢ | 4.6¢ | 4.3¢ | $444.1K | 10.04M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 387499 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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4.4¢ | 1004275 | 6 |
View Market Depth
No. | Vol. | Price($) |
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4 | 387499 | 0.043 |
15 | 1456415 | 0.042 |
11 | 663649 | 0.041 |
17 | 2536811 | 0.040 |
7 | 358562 | 0.039 |
Price($) | Vol. | No. |
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0.044 | 1004275 | 6 |
0.045 | 354666 | 2 |
0.046 | 1493666 | 17 |
0.047 | 769429 | 3 |
0.048 | 402040 | 6 |
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