Tesla battery day - one more day and we should see impact on LKE SP on Wednesday
Hazen results - from 15th Sep...15 to 18 days. Announcement expected latter part of next week. Watch this space.
LKE - A Game Changer
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Watch this space for the following milestones in the next 6 to 9 months and enjoy the SP ride.
1. Hazen proves 99.9% or above purity - within a month, in September 2020
2. Novonix confirms and produces quality battery with Kachi samples - within 4 to 5 month, latest by end Jan 2021
3.LKE signs cornerstone investor for USD 10m to USD 15m for DFS and onsite pilot plant - within 4 months, latest by end Dec 2020. Did I hear correct? - Leading German Industry Officials.
4. Signs one or two offtake partners - latest before end June 2021
Each of these milestones would be catalyst in re-rating LKE SP. A big plus in the current environment is the anticipated Tesla battery day.
Though I would like to see LKE into Production in 2022/2023 and earn potential dividends but because of its perfect production timing (2022/23), DLE technology, CSG benefit, high purity, resource size/potential, expected lithium supply shortfall etc. we may see one or two takeover offers in Q2/Q3 2021 when DFS is completed.
Either way current SP would be a distance dream by mid 2021. My expectation is a fully diluted MC of minimum $250m by mid 2021. Let’s enjoy the journey.
LKE chart, page-143
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Last
6.3¢ |
Change
0.005(8.62%) |
Mkt cap ! $104.5M | |||
| Open | High | Low | Value | Volume |
| 5.9¢ | 6.4¢ | 5.9¢ | $570.8K | 9.214M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 254844 | 6.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.3¢ | 736772 | 5 |
View Market Depth
| Last trade - 12.10pm 30/04/2024 (20 minute delay) ? |
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Last
6.3¢ |
Change
0.005 ( 6.78 %) |
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| Open | High | Low | Volume | ||
| 6.0¢ | 6.4¢ | 6.0¢ | 2966254 | ||
| Last updated 12.28pm 30/04/2024 ? | |||||
| LKE (ASX) Chart |