LKE (ASX) Lithium stocks are at bottom of current cycle

Originally posted by La Tache: ↑

Agree, very positive sentiment for the sector for many reasons:
was very oversold (which creates the seeds of the next big run up due to shut down operations, expansion plans or at least investment planning by the would-be producers);
long awaited pull-back in the USD (which became delayed when COVID-19 caused much safe haven USD purchasing) i.e. USD denominated lithium prices become cheaper in other currencies;
China shooting itself in the foot with COVID-19 cover up and deception has emboldened other countries to think more independently and act decisively i.e, of a life less dependent of China, and even to take away some of the market that the Chinese had dominated before the COVID-19 scandal. e.g. the Germans have been in catch-up mode for a while but are rolling up the sleeves now. See this article from Reuters 4 June:
Germany will require all petrol stations to provide electric car charging
as COVID-19 settles down in most influential countries, politicians will again rush for another attention-grabbing issue to associate themselves with. All the zero emissions stuff will be renewed with a frenzy. Wait for the photos to circulate widely - edited or otherwise - of cleaner cities when there was less traffic on the roads.
Energy storage is such a compelling goal. I've never met one person who didn't want to have some back-up power - especially if they generated it themselves - whether for the house or farm, or when camping etc.
Electric motors are so quiet and reliable (with only a fraction of the moving parts), so this too will drive more battery demand, and while technology changes will inevitably alter the mix of ingredients used in batteries, recently announced significant improvements with lithium-based technology will keep it in the mix for some while.

I so wish I didn't have to qualify this enthusiasm but the big issue for me is not the above, IMO, but whether LKE management will properly capitalise on it. I loved the vision in getting the acreage (well done, Steve), and in pursuing this potentially fantastic technology. Another big tick. I've also occasionally seen clever bits of marketing too, but I'm dismayed at an ongoing failure to deliver substantive reporting, on time. This issue started with the original drilling results that were promised in early 2018 but which turned up months later without proper progress reports. There have been other examples along the way but now we have it with the brine samples.

I don't expect perfection but whatever the background is, I do expect a timely, proper explanation to all shareholders, not glib one-liners. Just keep us properly informed, even if things are going slowly. There is a competition for exploration capital. Having bought in during 2017, I'm running out of patience with repeated events where I feel we are not being given properly information to make the ongoing decision to invest.

Expand

LaTache. Have you directed all of that to Steve? What do you hope to achieve by getting all of that off your chest, anonymously, on Hot Copper???!!!! The "sympathy" vote won't change one single thing that concerns you!!!
Let's see if the real money, not impatient ST traders, agrees with you.

No.	Vol.	Price($)
3	772772	3.6¢

No.

Vol.

Price($)

772772

3.6¢

Price($)	Vol.	No.
3.7¢	655259	1

Price($)

Vol.

No.

3.7¢

655259

No.	Vol.	Price($)
3	772772	0.036
37	2291526	0.035
13	1113716	0.034
11	1190047	0.033
9	959544	0.032

No.

Vol.

Price($)

772772

0.036

2291526

0.035

1113716

0.034

1190047

0.033

959544

0.032

Price($)	Vol.	No.
0.037	655259	1
0.038	639547	10
0.039	2063158	12
0.040	1041029	18
0.041	1749539	8

Price($)

Vol.

No.

0.037

655259

0.038

639547

0.039

2063158

0.040

1041029

0.041

1749539

(20min delay)
Last 3.6¢		Change 0.000(0.00%)		Mkt cap ! $60.06M

Open	High	Low	Value	Volume
3.6¢	3.7¢	3.5¢	$100.0K	2.770M

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