LKE 1.79% 5.7¢ lake resources n.l.

You misunderstand the point - kachi is massive. Seriously large...

  1. 10,499 Posts.
    lightbulb Created with Sketch. 1053
    You misunderstand the point - kachi is massive. Seriously large tenement and one failure of an aquifer isn’t the end of the world for lke. However markets tend to panic and get emotional and hence will sell down. I’ll be a buyer if it goes lower No doubt. Plenty of drillers in Argentina. I really like agy approach commenced drilling September minimal reference to timeframes and updated as required when news out. It takes away the inference. Their 1st hole was a small aquifer but hole 2 was good. Lke has a substantial drill program - the issue is once a time line is set and they don’t deliver people freak out as unnecessary pressure is placed. Even if 1st aquifer is not adequate plenty more to go. And bonanza of drilling in humongous acreage. So yeah not the end of the world for sure.
    Last edited by insaf: 24/01/18
 
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