The problem with Lake is that Steve thought that the Chinese would buy everything with Lithium in it, wrong attitude imo. First: The grade of Lake Lithium is not that great. Second: there is currently a oversuplly. Third the battery makers will first go to the high quality grade low impurities hard rock resources and Lake is not on that list. Fourth: the battery makers has changed there minds and prefer tier 1 hard rock lithium instead of brine. Fifth: market sentiment has not changed yet in investment in Lithium and if it change i think it will not be in brines but in hardrock resources. When there is a deficit and they can't find any good lithium more to bring to the market Lake will get his turnaround but it will take a bloody long wait. AIMO. Look what happened to PNN, same way Lake is going. All the best, GLTAH
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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---|---|---|
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13 | 1132042 | 0.035 |
13 | 758646 | 0.034 |
20 | 1276352 | 0.033 |
27 | 1867716 | 0.032 |
Price($) | Vol. | No. |
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0.037 | 85008 | 4 |
0.038 | 505691 | 6 |
0.039 | 240769 | 7 |
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0.041 | 524363 | 7 |
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