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

LKE

Click for more information

2.50%

4.1¢ lake resources n.l.

Ann: UPDATE ON COST REDUCTION ACTIONS, STRATEGIC PARTNER PROCESS, page-66

First 66 Last

Share
Profile

Follow
Banana1234

724 Posts.

59

04/03/24

20:48

Post #: 72740142
Share

Originally posted by gassed: ↑

Very well put deduction Cheeky-Charm.
If one takes a non-emotive look at what really has, materially, smashed the SP and has been so very heavily shorted, I belive that your conclusion will ultimately be fully supported by the general market.
I won't do a step by step analysis, been there done that, but, people taking a look at Llake as a BUY, seeing it on the top of watch lists for example, must look at what's happened since March 2022, and the only conclusion tht one can make is that THE most significant factor that has brought the SP down by 98+% from $2.64 has been SHORTING.
And, if people analyse WHY that shorting has been so dominant, they will see several OBVIOUS, LEGITIMATE, CAUSES.
Using a "fair" assessemnt of those dominant causes, one will see that, with todays' announcement and plans by the company, those most significant, if not ALL, of those reasons have been and intend to be completely erased.
I.E. Why, therefore, should the SP remain at .12.8 or lower???
YOUR conclusion, and "logic", is very strongly argued. Good luck with your decision.

Expand

can you compare apple to apple?? The amount of short on PLS vs LKE and how the short position effect the share price????

LKE Price at posting: 12.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

RDN

Raiden Resources jumps 11% as Andover South drilling to kick off with PoW on Minister's desk

GMD

Genesis set for higher gold production in FY25 and earlier mill start

ASX

ASX explains: How 'futures' are predicted

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

TAT

Tartana Minerals firms up producer status with recent 150tn shipment of copper sulphate to the NT

There are more pages in this discussion • 23 more messages in this thread...

First 66 Last

Add LKE (ASX) to my watchlist

(20min delay)
Last 4.1¢		Change 0.001(2.50%)		Mkt cap ! $68.40M

Open	High	Low	Value	Volume
4.0¢	4.1¢	3.8¢	$309.9K	7.760M

Buyers (Bids)

No.	Vol.	Price($)
5	267491	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.1¢	589418	9

View Market Depth

No.	Vol.	Price($)
5	267491	0.039
7	408947	0.038
5	349081	0.037
12	720022	0.036
19	1463410	0.035

Price($)	Vol.	No.
0.041	589418	9
0.042	1443523	9
0.043	768883	5
0.044	361180	4
0.045	268700	5

Last trade - 16.10pm 02/09/2024 (20 minute delay)

LKE (ASX) Chart