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17/12/21
11:45
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Originally posted by argento:
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Just a little confused with peoples reactions. As stated by Cheyne, we all knew this was on the cards , regardless who the deal was going to be with. Investors of this magnitude will always be given a deal sweetner ....its just the way it is Some may not like it, for what ever reason ...but these deals are necessary in getting to the end goal. Its not doom and gloom like some others would try to portray it. At the end of the day, LCK is still a small cap company and are going to be exposed to share price volatility during this period of development. It was good to see that the company included the following clause: The Company has put strict protections in place regarding the Investor’s activities, such as trading restrictions and anti-shorting provisions This may prevent some early selling, but when a company is injecting millions of dollars , they also need to recover their exposure ...so to critisise them selling some of their share allocation to recover their investment , isn't what I call unreasonable. Yes it messes with the SP , but once again look at the end game. Now, as you are well aware...LCK is now gaining some nice exposure via social media and some of the larger institutions now have them on their watch list........ My view is, once the BFS is released, funding obtained intern further reducing the element of risk , then we may start to attract other fund managers. 2022 is going to be a huge year for LCK to line up all their ducks....but if they can pull it off ......can see LCK being in numerous share portfolios. Once again, this is my view .....only time will determine if I'm right or wrong
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Wise words. Frankly I'm surprised by the those that Q the CR. The funds are going to be used to get the project off the ground. Dreamers no longer. The project has some wind in the sails. Who will care about CRs when the SP is north of 50c?