LKE 8.11% 4.0¢ lake resources n.l.

Lake plans to construct four plants, each with a capacity of...

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    Lake plans to construct four plants, each with a capacity of 12,500 tons, on their Kachi Salar. Given that David views this as an oil and gas speciality chemical company, I anticipate that permits will likely be granted in 2034.

    My three points of concern:
    1. The long delayed DFS will likely contain numerous errors, potentially rendering it a subject of ridicule.
    2. The 2nd point, which involves obtaining permission for environmental impact, is expected to be a time-consuming process.
    3. The 3rd point suggests that securing bank financing is improbable without a significant partnership.


    Much of this seems to be a façade, and there is substantial truth to the notion that Lake's actual value is now below $50 million USD.

    Despite many warnings, the astute investors among us were disregarded.
    Last edited by michelred: 10/08/23
 
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