LKE 5.13% 7.4¢ lake resources n.l.

i read LKE retains goldman sachs as an extension of a previous...

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  1. 2,833 Posts.
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    i read LKE retains goldman sachs as an extension of a previous engagement, so looking at it again you may be right so amend that to 'they've been looking for 8 months'.. still the meat of my point remains, goldman sachs are the financial advisor, they are also internally forecasting very low lithium prices for the next 3 years, LKE want someone to come and provide equity capital for kachi but LKE only own 80% of it, i cant see someone coming in, stumping up 1.5bn or more for like 4% interest after watching the lithium price do what it did over the last 2 years, i might be comfortable putting up 50m to build an evap pond operation with tight margins in the hopes they can capitalise on future high price fluctuations but Kachi is such a huge risk even if you dont consider that we just watched this management team spend nearly 2 years delivering a DFS which was always told to be just around the corner then continue to blast through 160m leading to the current situation, i mean i wouldnt trust these guys to organise a kids bday party, theyd spend 78k on the cake and deliver it a day too late
 
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