5 November 2021
Bell Potter initiates research coverage;
'Buy' recommendation and A$1.37 valuationHighlights
* Bell Potter initiates research coverage on Lake Resources with a 'buy' (speculative) recommendation and A$1.37 per share valuation
* Lake seen leveraged to the "dominant market themes: decarbonisation and ESG investing," with strategic appeal due to its uncommitted product offtake and independent share register
* Report adds to other recent broker research on Lake, highlighting potential upside for investors as Company advances its clean lithium development.
Clean lithium developerLake Resources NL (ASX:LKE; OTC:LLKKF) released today new research by Bell Potter on the company, highlighting the upside potential for Lake with the development of its clean lithium technology.
Bell Potter has initiated coverage with a 'buy' recommendation (speculative) and a valuation of A$1.37 per share.
"LKE is leveraged to the dominant market themes: decarbonisation and ESG investing. With an attractive development project, uncommitted product offtake and an independent share register, LKE has strategic appeal," the report said.
"We expect government policy, company strategy and media momentum will continue to focus on decarbonising technologies which are favourable for lithium demand and pricing sentiment."
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