G'day LaTache. "disastrous deal that needs to be paid out by the...

G'day LaTache. "disastrous deal that needs to be paid out by the Board urgently."

Them's the two factors, the vicious circle, that management finds itself confronted with.
First the "disastrous" deal, IMO, given LKE's situation and the overall financing market, sadly that deal would have been one of last resort, a beggar's can't be choosers one. There is enough evidence on the public record to support that situation, albeit a very unpopular thought to existing holders who have taken to the competence of management as their temporary panacea.
Secondly, "needs to be paid out urgently". The question that management asks simply, "how".
Both these issues can now only be resolved by great outcomes re the PFS, then the installation of the Pilot Plant and then the successful production of top, battery quality" Li on a commercial and scalable basis. And from that, hopefully earlier, if they can satisfy users from the samples that they would probably now be working on directly from the Lilac factory in California, to get that cornerstone investor or significant financier.

Now, shareholders are confronted with how the C Note "investment" deal has been turned into a trading tool, with immense advantages to the lender above all other holders. A classic paradox, where buyers have decided to stay out of the market, giving the trader full use of all the tools that the market provides. It plays the SP to it's own tune, both buying and selling on the open market. Whether that can be classified as "illegal" manipulation is highly debatable, given that no one else is "competing" IN that same market. See the paradox? Technically, the best way to stop the "manipulation" is to buy whatever shares the lender puts on the market, and quickly. But, that's not happening

Ironically, it could prove to be to shareholders advantage with the SP at this level and what has been happening on the market in the last couple of weeks. The absence of buying has forced the lender to create it's own market, buying to try to entice other buyers, and selling, to get rid of the shares that it is holding as the SP continues to fall due to that absence of buyers. This could deter any more conversions with the likelihood of not being able to sell them for the profit that was intended.

However, in the overall context of "the LKE STORY", that deal is very much chicken feed IF what management IS doing NOW proves to be successful and will immediately disappear, never to be seen again

Now, talking punting, it's all about taking what are seen to be opportunities. But, for the last few weeks, there has only been one participant and is milking the market at will,. So, who can blame that punter? The problem will not go away until there is a funding solution or there is opposition on the market. Punters taking opportunities, and many in this forum believe that the "LKE story" is a great opportunity, but, are just sitting back and watching their SP being smashed and getting angry.

Roll on some outcome news to stir some competition back into the market, people who will reward success, as this market does, seeing the big picture unfolding and just swallows minor hurdles. What BMW is doing will HAVE to be matched by its multitude of competitors!!!!