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5.1¢ lake resources n.l.

There's speculation that Piedmont is to be bought out by Tesla,...

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Pieman202020

286 Posts.

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27/09/20

23:39

Post #: 47664629
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Originally posted by Vivo: ↑

The best thing about battery day for Lake was Elon taking about their Lithium clay plans.

Their process sounds similar to Lake. I wonder if they are going to use Lilac to separate the Lithium from the salt? And putting the clay back is the same idea as Lake returning the water to the acquifer.

At the end of the day, Tesla will buy the cheapest best quality ethical Lithium they can find. And I can’t see how their process will be cheaper than Lilac’s process with Lake’s brine.
We don’t need to mix salt with the clay and water. We already have salt water with Lithium it, all we need is a pump.

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There's speculation that Piedmont is to be bought out by Tesla, hence that's why Piedmont possibly went into a trading halt for 3 days prior to BD.
I can't see this being good news for Lake.

LKE Price at posting: 5.1¢ Sentiment: Hold Disclosure: Held
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Last 5.1¢		Change -0.001(0.98%)		Mkt cap ! $83.15M

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