SEEMS TO BE HUGE DISSATISFACTION WITH THIS CAP RAISE and BOD, page-4

In my opinion the panic is unnecessary. Nothing has fundamentally changed, just a bit of dilution. The relationship with dailem is progressing, as evidenced by HOA, urea market trending favourably for LCK, more media attention on the need for urea, all this increases the likelihood of institutional investors getting on board and increased buy pressure.

the BFS is underway, almost every metric for planning assumptions has shifted more favourably for LCK from the PFS. Greatly increased urea price, lower interest rates etc. economics are more than likely going to improve for BFS, I would be surprised if BFS NPV was below $4b. off take partner will enable finance progression with FID and bfs..
LCK should have the plan and timeline for commercialisation locked in by this time next year.

not many (if any) companies in the construction phase would have a MC less than 3-5% of NPV… 20-40% is a far more realistic figure.. nothing is set, nothing is decided, there is always risk. But if you don’t see the potential upside based on forecast earning potential and project economics then you’re out to lunch. It’s foreseeable that LCK SP could go up 2-500% from current SP at 15c if they can tick all those boxes and commence production… they might be delayed and miss targets, there may be more raises before FID is made, this lowers possible near term SP growth, but Unless something fundamentally shifts the status quote, it’s just a bit of a waiting game.

if they did a raise through shareholders, some buyers would instantly sell and SP would tank even harder, the. everyone would complain that it wasn’t a large scale institutional placement. People always complain with cap raising due to dilutionX but it’s a fact of life. And here’s a hot tip, there will be more.

there’s an opportunity cost to holding and I won’t criticise anyone for holding out, but I don’t see any issue with choosing to hold. The IPL downrampers can scream till theyre blue in the face about anything they want, the BOD will progress the project and I’m happy with where the company is headed. GLTAH