Thanks mbot "Lake Resources (ASX: LKE) shares could be one of the best 10 ASX lithium shares to watch in 2023"
Then it has some basic riders, but, this is obviously causing the most damage.
J Capital Research concernsJ Capital has multiple concerns over Lake Resources, including its plan to build a $1 billion processing facility in the remote Andes, the three-year delay in getting the Kachi pilot plant online, a further delay in the definitive feasibility study, and AU$8.1 million of insider selling.
However, delays in exploratory mining are commonplace, as is some insider selling.Its latest accusation is that Lake Resources deliberately misled investors by saying that funding from UK Export Finance, which would considerably de-risk the project, had been ‘confirmed,’ despite a Freedom of Information request apparently finding this was not the case.
To its credit, Lake has responded to J Capital’s concerns in the past and hasn’t yet had the chance to respond in detail to this most recent update. Investors may wish to wait for this critical piece of information.
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Updated Lake Short report from J Capital, page-261
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Mkt cap ! $63.40M |
Open | High | Low | Value | Volume |
3.7¢ | 3.9¢ | 3.7¢ | $529.3K | 13.91M |
Buyers (Bids)
No. | Vol. | Price($) |
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20 | 2362455 | 3.7¢ |
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Price($) | Vol. | No. |
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3.8¢ | 1150000 | 2 |
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No. | Vol. | Price($) |
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20 | 2362455 | 0.037 |
32 | 2944357 | 0.036 |
35 | 3536858 | 0.035 |
16 | 1188178 | 0.034 |
15 | 1595329 | 0.033 |
Price($) | Vol. | No. |
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0.038 | 1150000 | 2 |
0.039 | 538479 | 5 |
0.040 | 921862 | 19 |
0.041 | 1338428 | 6 |
0.042 | 923523 | 9 |
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