I'm expecting the cash burn to significantly reduce due to the fact that they have completed drilling, reinjecting, converting brine to lithium chloride and transferring the lithium chloride to Canada for conversion into lithium carbonate. I anticipate that they would by now have sublet the useless Miami office as the Miami office real-estate market is quite hot.
Now that the company faces a period of relative inactivity I would expect that non essential staff will be ask to seek alternate employment.
My humble opinion, page-21
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Last
3.7¢ |
Change
-0.001(1.35%) |
Mkt cap ! $60.90M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.7¢ | 3.6¢ | $54.69K | 1.479M |
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| No. | Vol. | Price($) |
|---|---|---|
| 19 | 617008 | 3.6¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 583781 | 6 |
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| Last trade - 13.44pm 09/09/2024 (20 minute delay) ? |
| LKE (ASX) Chart |