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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3.6¢ |
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
39 | 3145098 | 3.5¢ |
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13 | 1200088 | 0.034 |
13 | 1181228 | 0.033 |
13 | 1332521 | 0.032 |
11 | 1299080 | 0.031 |
Price($) | Vol. | No. |
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0.037 | 831983 | 5 |
0.038 | 474547 | 10 |
0.039 | 2563158 | 13 |
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