LKE 3.85% 5.4¢ lake resources n.l.

Easiest 40 bagger, short squeeze imminent, page-289

  1. 7,920 Posts.
    lightbulb Created with Sketch. 2083
    The red cloud report is amateur hour at best.

    https://hotcopper.com.au/data/attachments/4529/4529158-c527047d1521cf8c50984b59e2f90708.jpg

    Lake has secured 70% of funding? Er nope, it was an 'expression of interest' (lol).

    https://hotcopper.com.au/data/attachments/4529/4529169-762a82098bb390e81c5bb141f4b4c4a3.jpg

    Assuming a 2024 capital raise at $1.50?

    Sound great, but what was red cloud's 12m (2023) price target again?


    https://hotcopper.com.au/data/attachments/4529/4529164-5f0b01b77e311326329d88a4dacdf702.jpg


    Hmmm... A CR at $1.50 in 2024, yet a 2023 price target of $3.15? That makes little sense - either the CR is assumed to at a huge discount to the SP, or the PT has been plucked out of thin air.

    There are further credibility issues with the report than just the above, but that's a starter.


    Last edited by Stickshift: 23/07/22
 
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