Hey mate, I wish all investors over at lake the best of luck.
There are a good swag of investors here that were also in LKE. I know a fair few that got in in the 2-3c range and cashed out in the $1.50 -$2.00 range, exceptionally excellent returns.
Cashed out after the enormous pumping and they also read the market.
Death spiral begun when Steve and Cru continuing to dump stock, Then Lilac entered offering help for 25% of the business!! First major warning sign if you had not been hit by the last three buses carrying heavy warning signs.
Company information on LKE is limited to limit damages. I’ve seen a few companies flounder, but this as a classic for the text books.
No information on literary anything, clouds of smoke eventually end a fire.
It’s rare I’ll pay out on a company I don’t hold, but these guys are beyond a joke. 300 staff on the ground doing what, putting 50 layers of paint on that little shed. Feeding the goldfish in their two tiny brine tanks.?
Geez, embarrassing for the sector, embarrassed for the industry.
Not cross promoting but look at AGYs plant, clean and professional. Then look at ASNs professional approach these days. We all though BBB was a lazy fat Frick for a while and some of us old dogs are getting used to the twice a year flurries of announcements.
Everybody has their own investment horizon, but many here and elsewhere need to that learn spec stocks can sit in limbo for years before they appreciate.
I originally bought ASN for I think 7.8c, that was nearly 5-6 years ago, as previously stated watched it go to 1.2c. And go back to 46c…..
Yeah I was grumpy but it was sector wide and I new from enough research it was always going to be a temporary mater.
When I first invested in ASN there was frick all comments except from the original pumpers, similar over many lithium stocks at the time.
I bought into AGY at 26c, watched it drop to 2.6c, bought into AKE old GXY at $2.56 watched it drop to 60c.
My original $100k investment over five stocks at the time became worth $28k during Covid.
three years later it was worth $380k, I’ve sold $75k worth of stock and even after all the shit in the markets I still have nearly $250k in lithium stocks nearly free carry.
Just come back from Thailand with the family, booked Barossa for August, booking Canada and Alaska for next year in June/July.
These moments for us and the kids would no be possible without the risk and reward.
Do your research, trust your self, and stay within your investment belt.
Best wishes all, I don’t share my investment experience often but I’ll take out 30-50k a year for extraordinary family experiences.
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