OK people, let's get this thread back on track after all of the wanton distractions shall we!
The next topic covers David's view on the Presidential Election and if it may have any impact on Lake
Sourced from Update Webinar #3 on 31/10/23
Commentary made by David Dickson - CEO/Managing Director
What we know about the Presidential Election and if it may have any impact on Lake
DD: "One of the things I've learned about Argentina is that you’ve got to learn there's going to be surprises along the way. Obviously, what happened in the election was quite a surprise to a number of people and, as a result, we're going to see a runoff election (because there was no clear winner) which will happen on November the 19th - that will be between the incumbent Peronist and Milei the Libertarian. There's no way I would even attempt to predict how that election is going to come out, who the winner is.
At the same time, and I've said this many times before, in my time in Argentina meeting with government and with opposition parties, I've never heard anything from any of these parties where anyone has been negative in regards to the lithium sector.I think there's a realisation that lithium, as a natural resource in Argentina, is an opportunity for the Country to generate some revenue. So, from that aspect, we're not sitting here as Lake Resources being really concerned about what's going to happen. What's more important….what did occur during the last week or so in the election in the province of Catamarca, is that there was a clear winner and that was with the incumbent Governor Jalil - with who we at Lake Resources have a very good relationship. Governor Jalil has visited our site on many occasions. He's a big supporter of what we're doing - particularly with regards to the ESG element. So, from that aspect, I think where we have the relationship in Argentina at the Provincial level (or in the Province) it is going to continue. For us I think that was more important than what's actually happening there at a Federal level. So very happy with this.
In fact, talking about IMARC, we have a delegation from Argentina here in Sydney this week. We'll be spending some time with that group - obviously continuing to build on our relationship. So, from the election, let's see what happens on November the 19th. As I said, certainly I'm not going to try and predict who's going to be the winner."
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