LKE 2.00% 4.9¢ lake resources n.l.

they wont do anything, the Kachi DFS is a POS like everything...

  1. 2,834 Posts.
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    they wont do anything, the Kachi DFS is a POS like everything they've released, the exaggeration of the lithium price and all the inflated financials based on it make that thing worthless which is even more egrigious when you consider how much money they spent developing it, probably more than 20 time what ASN spent on their DFS. all the talk of these minor details like power are just ignoring the main concern which is that NOBODY on earth would finance this project, based on the lithium price, the forecast, the EV forecast, the CAPEX, the remoteness of the project, the management team. if in 2020 Steve had actually considered some of these problems like power and water and fast tracked LKE to production it might have been ok but they were too busy lining their own pockets and now its been too long, the bubble has burst and its over for LKE, it is simply a matter of time before they can no longer source capital. if you as an investor are ok waiting 5 years in hopes that construction will start and there really is nothing you'd rather store your hard earned dollars in then you are truly lost, like i dont even know what your hoping for in the short term to stop the SP dropping, there is nothing incoming which will help the share price, even in the DFS there is nothing due until Q1 2025 and all those dates have slipped since then
 
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