Ann: Quarterly Activities Report and Appendix 5B, page-28

Yep,

We basically have until the end of March quarter to get somesort of commercial arrangement signed off (which would likely be post PFS and PPL).

Decemeber and January are pretty much a write off, for any meaningful progress .... so we essentially have 3 months.

Clock is ticking and we’re now at a pretty important fork in the road IMO.

Either we head towards a substantial re-rate, or we have ALOT of frustrated holders upon needing to raise again at these levels.

Let’s hope the former prevails.

I suppose the positive is, that even the latter doesn’t write off the company’s upside .... but shareholder and investor sentiment will take a hit as people are going to ask the question “what has actually been achieved since the last raise, other than payment of staff”.
It’s also more dilution for current holders.

$55M MC is still absurd IMO, for where we are currently at.


Let’s hope for a very Merry Christmas, for all LCK holders.


Cheyne