LKE 2.56% 4.0¢ lake resources n.l.

I found out what happened to Steve from Lake Resources, page-101

  1. 5,003 Posts.
    lightbulb Created with Sketch. 1817
    I still hold Indochine. The company was run by cowboys. They brought Steve aboard to sort out the mess, but he could not. Mt Kare had fantastic grades, but the company was broke the gold price dipped and he couldn't find new money. Different landholders came forward claiming the land and the government withdrew the companies licence. The Cambodian prospect was never going to get off the ground. If Steve made a mistake with Indochine it was coming on board with these cowboys, but they offered him a huge pay packet.
    Bottom line, Indochine failed because they ran out of money at the precise time that the gold price fell.
    Not Steve's fault.
 
watchlist Created with Sketch. Add LKE (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.