LKE 0.00% 4.7¢ lake resources n.l.

The problem with Lake is that Steve thought that the Chinese...

  1. 2,357 Posts.
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    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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