Australia's largest stock trading and investment forum Australia's #1 stock forum

LKE

Click for more information

2.86%

3.6¢ lake resources n.l.

While I read this delicious news, I can't understand how shorts...

First 97 Last

Share
Profile

Follow
soundwave9

863 Posts.

242

12/10/22

14:10

Post #: 64159482
Share

While I read this delicious news, I can't understand how shorts get something positive, and for the sake of their flimsy bad trading decisions, need to try and bend reality, lol.

Originally posted by michelred: ↑

While I am drinking a delicious beer, I am so amused with the LKE news flow. They keep signing agreements without having a decent feasibility study and let alone providing the shareholders with the full study conclusions.

This makes me think, what is behind the practices?

I come to the conclusion, LKE Is amassing the maximum of nonbinding agreements to eventually present the shareholders with the project scope time/cost in order to raise in excess of 500 million AUD to get the project into operation. Unfortunately, so many variables will be on the table that the additional investments will not guarantee a path to profitability whatsoever with Lilac's expensive technology. There will be massive shareholder dilution while management will pay themselves royally for the achievements so far. Shareholders will be left in the cold for many years and worst of all market conditions will change. Prices of lithium will come down, other markets will open up and the country of Argentina will want a bigger cut of the final product ready for export. DYOR. Not financial advice.

Expand

LKE Price at posting: $1.01 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

There are more pages in this discussion • 248 more messages in this thread...

First 97 Last

Add LKE (ASX) to my watchlist

(20min delay)
Last 3.6¢		Change 0.001(2.86%)		Mkt cap ! $60.06M

Open	High	Low	Value	Volume
3.5¢	3.7¢	3.5¢	$188.2K	5.255M

Buyers (Bids)

No.	Vol.	Price($)
1	13888	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	854308	7

View Market Depth

No.	Vol.	Price($)
1	13888	0.036
39	3329625	0.035
16	1426953	0.034
12	1290047	0.033
11	1002521	0.032

Price($)	Vol.	No.
0.037	854308	7
0.038	733416	12
0.039	2063158	12
0.040	1053029	19
0.041	1749539	8

Last trade - 16.10pm 25/07/2024 (20 minute delay)

LKE (ASX) Chart