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3.8¢ lake resources n.l.

LKE 2.0, page-1668

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dugsab

16,670 Posts.

2603

15/03/24

22:41

Post #: 72915534
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Originally posted by sowens: ↑

Here's the rub they don't have to produce anything for people to make money. Lithium Nov 2022 trades at 597,500 yuan then Feb 2024 95,500 today it is 116,500. Where will it go? There's a good possibility that lithium will return to 200,100 yuan as it was in Sept 2023. If this happens all lithium stocks will rise.
As for LKE specifically I think they can produce high grade lithium but it might take a change in approach. In the next valley over PNN are confident that they can produce 5 ktpa powered completely with solar. LKE may have to alter the approach, smaller target, move the carbonation plan. The carbonation plan uses 33% of the power do they really need that sitting out in the wilderness or could they like Galan truck the lithium chloride to existing carbonation plants in Chile.

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page 69, LKE's feasibility study dated 19 DEC 2023...

ESIA was slated for Q1 2024 (NOW)...now slated for 31 MAR 2024.

And I think I recall in the latest investor presentation...NO POWER unless LKE can secure a "strategic partner"...WHAT !!

IMO DYOR

LKE Price at posting: 7.3¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 3.8¢		Change 0.000(0.00%)		Mkt cap ! $63.40M

Open	High	Low	Value	Volume
4.0¢	4.0¢	3.8¢	$119.1K	3.102M

Buyers (Bids)

No.	Vol.	Price($)
39	2428681	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	873632	8

View Market Depth

No.	Vol.	Price($)
38	2128681	0.038
22	2437324	0.037
27	1894753	0.036
33	6194125	0.035
7	726791	0.034

Price($)	Vol.	No.
0.039	873632	8
0.040	508921	8
0.041	1193839	10
0.042	1070651	10
0.043	1197578	6

Last trade - 16.10pm 11/07/2024 (20 minute delay)

LKE (ASX) Chart