hello brunk,It t seems  more likely that the problem is that...

hello brunk,

It t seems  more likely that the problem is that professional buyers have lost interest, Buyer demand declined through the day and finished 50% lower than  at market opening.

Sellers held up until lunchtime at .105

After lunch with no morning announcement concerning Cauchari (and announcements on Friday and Monday unlikely) threemoderate sizedparcels were offered for sale... above (the 40,688 offered @ .96 is the residual of 280,000).

It is quite possible that these three sellers are becoming nervous at the failure to report the Cauchari drill results, the possibility that one of the four pillars of LKE is not what it was HOPED it would be, and the the  capital from the option conversion  may not happen. The lack of  professional buyer interest is almost certainly related to the same problem especially when results were said to be imminent" three weeks ago as noted by "melej" above..

An announcement good or bad is overdue and should be made without delay. There is nothing to prevent a further decline tomorrow

Similarly an announcement concerning drawdowns againstthe Long State loan facility and shares issued under the Controlled Placement arrangement should be presented to Shareholders large and small