LKE

2.44%

4.2¢ lake resources n.l.

Giddy up LKE!, page-47

First 47 Last

Share
Profile

Follow
dingok

1,775 Posts.

77

28/12/17

00:15

Post #: 29897546
Share

Originally posted by La Tache ↑

Ham Child, for what it's worth, I've bought lots of Lake because I think it will be a life-changing investment. I took these sorts of things into account:

Great sector – the energy storage phenomenon has barely started, and will last for years. That somewhat de-risks battery metals stocks like Lake.

Ideal location … - Lake's projects are in Argentina – perhaps the best place in the world for lithium development, having regard to the superb brine acreage (c.f. Australia – more hard rock) and politics (c.f. Chile and Bolivia politically too left-wing)

Vast, high quality acreage – Lake has 4 prime project areas (3 brine and I hard rock), totalling over 170,000 Ha – a huge and valuable footprint. It also gives us development flexibility. With world class lithium producers right near us, we're in the right spot.

Great management – the Board has shown great vision in getting in early and securing such great acreage, and in how they've handled the share capital. The directors' individual skill sets are just right for what Lake needs now.

Excellent capital structure – with only 227m shares currently on issue (and just under 300m fully diluted) – this is tight, giving flexibility for clever corporate deals without undue dilution. The directors have shown they will manage this well.

Drilling underway – with Kachi drilling now underway and expected good results - we are drilling in a salt lake (which gives some degree of predictability), and with an LOI from the Catarmaca State mining and energy entity to advance the project, Lake's value could multiply soon, just from Kachi. And Kachi is perhaps not even be our best project area.

Undervalued (comparatively and in absolute terms) – with a current market cap. of ~$45M, Lake is a bargain – IMO it's the buy of the lithium explorers I've reviewed.

Right time (big upside) – it's good to buy early in the story, before the upside has been realised with drilling results, further lease approvals, corporate deals etc.

Big lithium users (particularly from China) are starting to flop out cheque books to secure supplies. Multi-hundred million $ deals are the norm, for slices of equity only – not even full ownership. Other than Great Wall, with their recent deal with PLS, the car companies haven't got started yet. If a scramble develops, we'll be right in the frame. I like that.

I understand the dilemma you're facing. You can buy a few now – you don't have to fill your boots on the first order, and can buy more later (or sell, if you like) as the story unfolds.

The energy storage phenomenon will affect us all for the better – but you can also enjoy it as an investor. If you buy a few Lake I'll be stunned if you don't have a chance to make a few bucks.

Expand

Was researching LKE all going well looking to jump in lastly I check management i through this company in the bin after I saw Steve Promz if anyone wants to see his Story Read upon on IDC painfull lesson there will never back anything his on.

LKE Price at posting: 29.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

AZY

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

ENV

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

MM8

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

VUL

Vulcan appoints investment bank and M&A veteran to board

MLS

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

MKG

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

There are more pages in this discussion • 89 more messages in this thread...

First 47 Last

Add LKE (ASX) to my watchlist

(20min delay)
Last 4.2¢		Change 0.001(2.44%)		Mkt cap ! $70.07M

Open	High	Low	Value	Volume
4.1¢	4.3¢	4.0¢	$137.3K	3.272M

Buyers (Bids)

No.	Vol.	Price($)
2	130536	4.1¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	251051	4

View Market Depth

No.	Vol.	Price($)
1	122000	0.041
7	466000	0.040
5	263775	0.039
8	522366	0.038
6	553081	0.037

Price($)	Vol.	No.
0.042	159000	2
0.043	703408	7
0.044	568749	5
0.045	838013	11
0.046	417572	5

Last trade - 16.10pm 13/09/2024 (20 minute delay)

LKE (ASX) Chart

Giddy up LKE!, page-47

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Vulcan appoints investment bank and M&A veteran to board

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Utah authorities sign off on Anson's lithium extraction plans at Green River

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Giddy up LKE!, page-47

Top Stories

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Vulcan appoints investment bank and M&A veteran to board

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Utah authorities sign off on Anson's lithium extraction plans at Green River

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News