The sp on fri near close trump covid announcement and the reaction of dow futures resulted in panic sell off. The dow performed better than expected. LKE in the nasdaq was at 0.0447 and in the green with an aud equivalent if 6.2 c. However this was on low volume with an intraday low of 0.04 (0.056 aud). So we await the Hazen preparation of 99.9 percent Bulk sample. THERE IS SUPPORT AT THE 4.9/5 c level if this breaks lower. With Hazen results imminent and novonix to utilize Kachi derived lithium, 2 critical steps for the validity of the product will be confirmed. This will be the catalyst for the pilot plant and more importantly the resource development and progression from PFS to DFS and attraction of funding via a key stakeholder will be conditional on the Hazen/Novonix success.
LKE Price at posting:
5.5¢ Sentiment: Hold Disclosure: Held
