LKE (ASX) Ann: Strong Cauchari results confirm Proof of Concept

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7.8¢ lake resources n.l.

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pos1963

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29/05/19

10:24

Post #: 38796045
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Originally posted by bensk: ↑

What is it going to take to get people to wake up to this story? LTR continues to move higher (stratospheric in fact---$200m market cap) on the back of excellent drilling results. SO forget the current softness in the lithium market at present--- companies are still being rewarded for exploration success! Why then is Lake not receiving any attention? The value differential between Lake and other companies is the brine space was large enough before the announcement yesterday. It is now a chasm that needs to be realised and rerated!! No one rings the bell for the bottom of any market---it wont take a lot of buying to get this stock to double digits in a day on the back of more results. Even then the market cap would only be $40 million. Doesnt make sense at the moment. Very frustrating times.

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hello bensk, in a word KACHI ,,, where the hard yards have been done and there is much grunting in the engine room

not cauchari no matter how good the next two reports

Originally posted by bensk: ↑

What is it going to take to get people to wake up to this story? LTR continues to move higher (stratospheric in fact---$200m market cap) on the back of excellent drilling results. SO forget the current softness in the lithium market at present--- companies are still being rewarded for exploration success! Why then is Lake not receiving any attention? The value differential between Lake and other companies is the brine space was large enough before the announcement yesterday. It is now a chasm that needs to be realised and rerated!! No one rings the bell for the bottom of any market---it wont take a lot of buying to get this stock to double digits in a day on the back of more results. Even then the market cap would only be $40 million. Doesnt make sense at the moment. Very frustrating times.

Expand

LKE Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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