LKE

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4.2¢ lake resources n.l.

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Mozza01

3,488 Posts.

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02/10/19

06:15

Post #: 40675157
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Originally posted by Hfox1: ↑

I simply can’t agree with the above sentiment.
In fact it’s a very cheap shot imo.
It was the current management that pieced everything together including pegging the land and using local contacts and extensive geological & financial experience in being able to get us this far.
My money stays invested with the current leadership. I’d have serious worries about incoming people.

Who do you think it is that’s been talking to prospective JV partners and battery makers. It takes time to develop a relationship with different agencies and prepare and deliver a deal. It doesn’t just happen over night.

Negotiations & deals take time to develop. You’re advocating scuppering the progress that’s been made (not reflected in the SP) at the very time we could be close to securing a transformational deal.

The PFS is 75% complete and we need numbers probably to show a potential JV partner. If I was a cornerstone investor or JV partner I’d want to see the pilot plant details and the PFS as well as the grade of concentrate and the level of impurities before I committed multiple millions (many multiples).

We are waiting on Lilac proving the scalability of the Direct Extraction. If you’re wondering about how that will work out then look at Anson’s latest ANN and see the impressive very low level impurities. (That’s what the battery makers want).
Lilac has given Anson a commercially viable product.
Imo, Steve and Stu are about to deliver here and Lilac will do the same at Kachi.
Stand firm, it’s happening.

As for changing management. WHO do you think made the link and connection to Lilac. Steve Promnitz, that’s who. He spotted Direct Extraction and the disruptive
technology very early.

I’ve been in here building a position for two years and have invested a considerable amount of research time and funds travelling to meet the management and put any concerns I had to them face to face.
You know what. They’re both approachable and take on difficult questions but they also know their stuff and express frustration with the sector like we all do.

I’m about to add more to my holding as now is the time before Olaroz drilling starts and or a potential development or sale at Cauchari.

Apologies if this comes over as a rant but as I say I’ve been here for over two years and picked out LKE early doors.

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Agree wholeheartedly HFox1!
My sentiments exactly. If holders are disallusioned, they always have the option to sell and invest in something else. Those who have confidence will stay and, in my opinion, will reap the rewards. No need however to call for a mutiny and upset the apple cart for all holders.

LKE Price at posting: 4.2¢ Sentiment: Buy Disclosure: Held
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