Clearly the directors have mislead the public and your anger is understandable. I don't think that getting out of Lilac would be a good idea. Kachi is a low grade resource with little water available. Ponds are out and another DLE may well use a lot of water and or contaminate the brine so its really Lilac or the highway. You state that the brine has high impurities. I don't think that this is the case. Production has been delayed by years but will the lithium shortage be resolved by 2030 or 2035? I expect the share price to weaken between now and December at which point it will either collapse or recover depending on what the DFS says. In the recent presentation they stated that 25Ktpa would have a capex of $1 billion plus. I think that economies of scale will indicate that adding another 25Ktpa will not double the capex. Changing my sentiment from none to hold as I think these are worth holding until at least December.
LKE Price at posting:
27.5¢ Sentiment: Hold Disclosure: Not Held
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