how the hell BP think LKE will get to a 3bn MC in this market, with shareholder trust completely obliterated and literally no timelines for development, no hope of being in revenue until 2026 at the very earliest and that strategic investment from WMC at 120% the current MC, i have NO idea..
sure they could reach $2.52 in 2026 if everything goes right but you'd have to have very little imagination to put your money in this trainwreck looking for a 300% rise if they manage to keep any of their wild promises, vs going for a slew of other companies who havent spent the last 2 years completely failing to hit a single deadline
this just goes to show why paid broker reports are not written to benefit you, they are for the brokerage firm who were given tens of millions of free shares in this company to help promote it by essentially writing puff piece propaganda to give people a dollar value number which is based on absolutely nothing, lake in all fairness has more chance of going to 25.2c as opposed of $2.52, the valuation today is completely insane when you rememer all lake have is a large low grade resource, LPI has a grade 5 times higher and the company is worth 6 times less, GLN has a larger and better resource and is worth half as much, ASN has a smaller, lower grade resource but has completely derisked its extraction of that resource and is on track to be the first on the ASX to commercialize DLE, so ask yourselves, what is SO special about Lake Resources today that makes you believe a 300% increase is remotely possible?
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