LKE
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5.56% 3.8¢ lake resources n.l.

$SBM, a gold miner with $200 million in cash, is trading below...

  1. michelred
    1,368 Posts.
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    02/07/24
    12:44
    Post #: 74565788
    $SBM, a gold miner with $200 million in cash, is trading below its cash balance while losing some money mining gold. It's unclear why $LKE should trade at double the value of their cash balance, knowing they would be totally unprofitable if they had to extract lithium in today's market and recover the initial investment for building an active plant. Lake's fair value is $20 million AUD today.
    LKE Price at posting: 3.8¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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Last
3.8¢ 		Change
0.002(5.56%) 		Mkt cap ! $63.40M
Open High Low Value Volume
3.7¢ 3.9¢ 3.7¢ $204.4K 5.401M

Buyers (Bids)

No. Vol. Price($)
7 497090 3.7¢
 

Sellers (Offers)

Price($) Vol. No.
3.8¢ 337803 1
View Market Depth
Last trade - 16.10pm 22/08/2024 (20 minute delay) ?
LKE (ASX) Chart
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