I think their ability to raise money from the market is lithium price dependent. When lithium was soaring towards $80 per kilo LKE made capital raises at 35 and 75 cents. Lithium fell of a cliff and hit a low of $13 per kilo and LKE plunged to 8 cents. Lithium rose to $16 per kilo and LKE to 12 cents. At this point LKE went to the market and raised $15 million at 7 cents, this as is common with capital raises sent the price below the capital raise price. We have to ask ourselves is the company better off now at 6 cents with an extra $15 million than it was when trading at 12 cents. Obviously it is better off now.
A lot of the crash in the lithium price came from a decision of the battery makers to use their months of inventory. They now have close to zero inventory which is a situation where we could see a rapid increase in price. What will a rapid increase in lithium's price do to the LKE share price?
Here's a good discussion on lithium pricing
- Forums
- ASX - By Stock
- LKE
- Ann: Updated Investor Presentation
Ann: Updated Investor Presentation, page-54
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LKE (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.06M |
Open | High | Low | Value | Volume |
3.6¢ | 3.7¢ | 3.5¢ | $100.0K | 2.770M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 772772 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 655259 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 772772 | 0.036 |
37 | 2291526 | 0.035 |
13 | 1113716 | 0.034 |
11 | 1190047 | 0.033 |
9 | 959544 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 655259 | 1 |
0.038 | 639547 | 10 |
0.039 | 2063158 | 12 |
0.040 | 1041029 | 18 |
0.041 | 1749539 | 8 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
Featured News
LKE (ASX) Chart |