Facts:
Lake diluted shareholders by 25% in one year
The company needs $600 billion to $1 billion in capital expenditures to produce 25,000 to 50,000 tonnes of lithium per year
There are no binding agreements for offtake
The company has not secured financing
Lake has no DFS
Steve Promnitz has not yet returned 1,000,000 AUD to the company
Lake has managed to burn 55,000,000 AUD in 6 months
Many tenements have not been awarded yet (my sources tell me that many of the applications can be bought out by smaller companies - the government has preferential treatment for Chinese companies)
The new management is very silent
At the current pace, management has only 1% liquidity left before massively diluting shareholders
Lilac has secured 25% of Lake's best tenements
Stu Crow is no longer actively involved in the company
The project manager for Kachi quit 2 weeks ago
Lake has questionable coverage by analysts who option in return for favorable coverage
Argentine government prepares legislation
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