Morning @Suw & fellow Lakers. Was pondering overnight what might...

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daztm

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20/04/22

08:49

Post #: 60927175
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Originally posted by Suw: ↑

Good morning Lakers,

Another day with almost 14% increase in SP and as usual a few new non-holders commenting on LKE. We have seen this trend in the past, several times and after a day or two, they disappear.

The article below shows there is no correlation between cost of battery and EV sales because the reason for EV purchase is not just EV price.

In addition to list of expected announcements, I wouldn’t be surprised if we get one or two left field announcements from LKE team. Could that be increasing production from “Target 100” to “Target 150” or funding support from the US (in addition to Canada and UK) or LKE participating in battery manufacturing? Stu and Steve have surprised us in the past and if one of these happens it would be a huge bonus for us shareholders.

With current positive market sentiment, FOMO setting in with number of expected significant announcements from LKE in the next few weeks and possible short squeeze, can LKE SP increase by another 11% today or tomorrow and reach a new ATH close above $2.45? Possible.

Consolidation around $2.40/$2.50 would be ideal, prior to next leg up towards $3, when the list of price sensitive announcements get released.

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Morning @Suw & fellow Lakers.

Was pondering overnight what might have driven the SP increase considering the large SYR SP movement yesterday following the US DoE loan support announcement and our recent Ford offtake announcement on 11 April and it made me think whether Ford would be eligible to participate in the US DoE Advanced Technology Vehicles Manufacturing Loan Program (ATVM) to help fund LKE other projects expansion plans?

Extract from LKE's Ford offtake announcement on 11 April
“Both Lake and Ford see this as an opportunity for a potential long-term agreement with the ability to scale up environmentally responsible production and participate in Lake’s other projects to ensure high-quality lithium products are available to Ford,” Steve Promnitz, Lake’s Managing Director, said.

US Department of Energy Loan Programs Office - Advanced Technology Vehicles Manufacturing Loan Program (ATVM)

LKE Price at posting: $2.29 Sentiment: Hold Disclosure: Held
15 Upvote

0 Great analysis

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