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4.55%

6.9¢ lake resources n.l.

LKE towards TOP-5, page-10776

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mbot

10,306 Posts.

1248

05/08/22

13:01

Post #: 62944927
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Originally posted by Luongho76: ↑

On the subject of CXO, it shares a lot of similarities with LKE in term of how it was being played.

It was heavily shorted, similar to LKE
State street fund owned more than 5%
Market was negative due to short mine life vs people was negative about LKE demo
Market was negative because the CEO sold his shares at the high and resigned (not as dramatic as Steve though)

After release LOM extension to 12 years, good drilling assays which management very positive on LOM being extended to 20 years, Production on target for end of 2022 and CEO appointment today, All of these news were not a surprise as management kept on mentioned these.

Now CXO is trading at $1.275, only 21% off the 52 weeks high of $1.62.
So in my view when LKE release positive news of demo plant, new CEO and finally binding offtake, LKE should be on its way to track back $2 level.

As many were saying sometime a good investing strategy is to do nothing and wait for Stu to deliver

Expand

Huge upside for LKE, 50,000tpa battery grade lithium carbonate is a big number.

Last edited by mbot: 05/08/22

LKE Price at posting: 92.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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(20min delay)
Last 6.9¢		Change 0.003(4.55%)		Mkt cap ! $119.8M

Open	High	Low	Value	Volume
6.6¢	7.1¢	6.6¢	$889.5K	13.00M

Buyers (Bids)

No.	Vol.	Price($)
2	104566	6.9¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	650767	6

View Market Depth

No.	Vol.	Price($)
2	104566	0.069
6	275504	0.068
4	423280	0.067
7	363502	0.066
6	1096153	0.065

Price($)	Vol.	No.
0.070	650767	6
0.071	474916	3
0.072	448888	3
0.073	499638	12
0.074	878329	6

Last trade - 16.10pm 28/10/2024 (20 minute delay)

LKE (ASX) Chart