LKE 2.78% 3.7¢ lake resources n.l.

LKE towards TOP-5, page-5

  1. 21,437 Posts.
    lightbulb Created with Sketch. 2097
    Thanks Suw for having the courage to back up what proved to be a brilliantly explained outline for 2021. All makes sense. Yes, dugsab, you are right this time, "the year for hard data, no hiding!"
    Very exciting times and what a performance if Stev can pull it off!!

    Now, as an aside, it would appear that the LKEOC's would well and truly be in the money and an anticipated full exercise of those 86,094,394 Options to bring in around $64 million. "These options, if converted, will add a further A$64 million to the Company’s cash reserves by mid next year, prior to the final investment decision on the Kachi Project.
    "Another catalyst?
    And, again, making the LKEOC's a very compelling leverage to go along with the heads.

    The Board has played the issue of both "free options" brilliantly, win/wins all round, more than favourably "looked after" their loyal shareholders.
    Puts those "ugly" early day placements and CRs fully into perspective. Despite widespread (often very heated) cries for his head, Steve was obviously so confident of his future plan, that he was prepared to put up with all of the criticisms and grabbed whatever cash that he could get his hands on, literally at any cost, in what, if we recall, were extremely difficult times for anyone to raise cash, especially by a horrible, penny dreadful company with no cash and only a handful of unproven leases high in the mountains of Argentina.

 
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