LKE - Lake Resources

[mullokintyre]

N
where I'm coming from, it's less complex than that. It's my tip in the competition; I have no skin in the game and no desire to put my hard earned into it.

Well I have put my hard earned into it, not once, not twice, but three times since late December.
More than happy with picking up 10 or 15% gains for trades, and more than happy with the holding that I currently have.

 

[Dona Ferentes]

Well I have put my hard earned into it, not once, not twice, but three times since late December.
More than happy with picking up 10 or 15% gains for trades, and more than happy with the holding that I currently have.

the company is delivering on its plans. And that is a huge plus for a minnow.

 

[frugal.rock]

the company is delivering on its plans. And that is a huge plus for a minnow.

Current opinions on this one Dona?
Am still holding. Only a small parcel.
(I let a downramper affect my opinion on Magnis.... could have been a quad bagger had I not...)
Will ignore emotional opinions and stick to sound TA and FA, filter the noise.

 

[Dona Ferentes]

Current opinions on this one Dona?
(I let a downramper affect my opinion on Magnis.... could have been a quad bagger had I not...)
Will ignore emotional opinions and stick to sound TA and FA, filter the noise.

Interesting to have the thread to see a ramdumper having very specific reiterations in the last few months, too. Useful if there was information. The Magnis chumps were Abbott & Costello; up they popped whenever there was action.

No, i won't chase LKO. No specific reason, but it has no singular claim to uniqueness. Argentina is a marginally better country risk than Oblivia. And small M/C of the company works against it.

 

[frugal.rock]

I dumped out of Lake a little while ago.

Concerns regarding Directors and certain connections made with/ from the failed CLI (Croplogic) fiasco have scared me off forever.

This is purely my opinion and not a recommendation of kind and it is noted past performance is not an indicator of future performance.

 

[Dona Ferentes]

what gives, here?

 

[over9k]

Without an announcement... Someone on the inside that knows something?

 

[mullokintyre]

Pretty sure they will have to visit the headmasters office.

 

[peter2]

While they're in the "naughty" corner they'll be counting their day trading and insider profits.

 

[Nico112]

I’m sure it’s just battery day comming up, as far as I know they should benefit from it

 

[frugal.rock]

While they're in the "naughty" corner they'll be counting their day trading and insider profits.

Lake is off my trade-ables list and will never be re-approved to be on it again.

 

[greggles]

Another bullish lithium stock moving up fast.

They just commenced the DFS for their Kachi Lithium Brine Project in Argentina. However, an improving lithium price looks to be the main driver for the recent increase in LKE's share price.

 

[Dona Ferentes]

webinar featuring LKE this Friday:

Welcome! You are invited to join a webinar: Weekly Share Cafe Webinar - Micro/Small Cap "Hidden Gems". After registering, you will receive a confirmation email about joining the webinar.

This Free webinar will give viewers the opportunity to hear from, and engage with, a range of ASX listed micro/small cap "hidden gems". A key note presentation will be provided by Andrew Smith: Head of Smaller Companies and Microcaps, Perennial Value Management. Confirmed company presenters...

us02web.zoom.us

Confirmed company presenters include:
- Rob Longley: MD & CEO, Ardiden Limited (ASX: ADV)
- Steve Promnitz: Managing Director, Lake Resources (ASX: LKE)
- Dr James Garner: CEO, Kazia Therapeutics Limited (ASX: KZA)

 

[ShareCafe]

Lake Resource continues to see incredible support via its US OTC Listing with the share price rising over 100% in the last two days. We discuss the road forward with CEO Steven Promnitz $LKE

 

[satanoperca]

Every now and then, you get a trade that can change your life, well in this case, it wasn't mine, but a great friend, who bought 2M shares 2 weeks ago, everything he had + a little bit more.
I hope for him this thing keeps going.

 

[Dona Ferentes]

LKE just raised $20.6m from overseas institutional investors at a 12 per cent premium to its 10 day volume weighted average share price (VWAP). Lake’s flagship Kachi lithium brine project now fully funded through to the construction phase in 2022, it says.

“This transaction places the company in its strongest financial position ever,” managing director Steve Promnitz says. “Lake will hold in excess of A$25 million following this placement and anticipates a further $6m to be added by July as existing options convert.”

 

[basilio]

Every now and then, you get a trade that can change your life, well in this case, it wasn't mine, but a great friend, who bought 2M shares 2 weeks ago, everything he had + a little bit more.
I hope for him this thing keeps going.

Congratulations to your friend. Always a fantastic buzz to make such a killing.
Sincerely hope he considers taking a lot of the profits off the table while there are still plenty of new punters chasing.

Good luck!!

 

[mullokintyre]

LKE been languishing since the last post, down to 20.5 at its most recent low.
The problems in Argentina, both economic and political, won't be helping the sovereign risk aspect.
I have decided to bail with a loss.
Argentina , another example of a reasonably wealthy country with a reasonable standard of living turned into a basket case by left wing marxist socialists.
Mick

 

[greggles]

LKE up 13.11% today, defying the overall negative market trend. Results from the Kachi Drill Program must be due soon, so the recent share price gains may be in anticipation of that. The LKE share price has doubled since 13 May.

Company is cashed up ($24 million at end of March) and is moving projects ahead with the onsite demo plant and DFS due later this year.

 

[greggles]

Lake Resources has received a strong Expression of Interest from UK Export Finance, the Export Credit Agency of the United Kingdom, to support approximately 70% of the total finance required for Lake's Kachi Lithium Project.

The finance would be able to support expanded production to 50,000 tpa of high purity lithium carbonate equivalent and would come at a lower cost than traditional debt financing. However, there is no binding commitment as yet and any financing would be subject to standard project finance terms and a comprehensive due diligence process.

Still, it's good news for LKE as it demonstrates that the Kachi Lithium Project looks viable to third party financiers, there's just a few more boxes to tick such as the DFS and environmental assessment.

LKE share price holding up well today.