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LKE - Lake Resources

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Hang in there Chaza.
This stock you could have picked up for low 20's in May last year.
Less than a year later its sitting at 2.39
I may have sold out a little early! (again).
Mick
 
WTF Happened?

 
Last edited:
Captain_Chaza said:
Wot Happened?
Click to expand...
Looks like its been having a tough time since announcing
Lake appoints Citi and J.P. Morgan as Joint Coordinators for Proposed Debt Finance of the Kachi Lithium Project

Big licks going through and a drop from $1.65 to close at 97c in just 3 days. Ouch. Guess the numbers might stack up for the project but not for investors?
 
Managing Director Steve Promnitz resigned and sold 10.2 million share this afternoon @1.29
The sudden drop to may have scared some holders in to selling.

Maybe it confirms Lithium has ran its race??
 
Lithium is pulling back for a number reasons.

The biggest purchasers are China, who have been in perpetual lockdown. The green revolution is being delayed as politicians wake up to the reality that fossil fuels will still be required in the interim. Interest rate hikes & recession fears mean that people are dumping high risk/growth stocks.
 
My pick for stock tipping for July. LKE was smashed over the last few weeks, seems from the managing director given a push from the board. He went off and sold all of his shares which caused some fear and a bit of selling. After the crash we may get a bounce as there are many true believers still pushing the stock. As a company there does seem some doubts of the technology to be used to extract lithium, and they are trying to get a trial plant up and running at the moment.

Iggy
 
KevinBB said:
What a great article about Lake Resources, its paid-for self promotion, and subsequent share price fall in today's Financial Review (online edition).
Click to expand...
For anyone who can't access the rest of the article:

In the lead-up to the ASX 200 index inclusion date , 45 million Lake Resources shares were sold short. Insto's accumulating shares , now made them available to hedge funds for shorting , such was the huge demand. ( Interestingly , the fee to borrow the shares costs about 20 % p.a. )
One hedge fund shorted the shares purely because the company was big -noting itself on Twitter !
Retail investors and superannuation funds ( oops ! ) got shafted.
 
J Capital Research going after LKE today.


We all know that J Capital Research are activist short sellers looking to make a buck out of overinflated, pumped up companies, but like all agenda driven information it offers an alternate perspective that balances that of the company, which tries to put as positive a spin as it can on any information it releases.

Expect the LKE share price to tank tomorrow, especially if it is a red day on US markets.
 
I call this an "INFLUENCER" Licenced to "MILK the MARKET"

Legal and Only Self Interested

Talk about "PUMP and DUMP"
this is "DUMP and PUMP"
 
In TH to craft a response to the J Capital news. I wonder if this one ends in the court like with VUL...

 
It's interesting that the discussion at various other online venues seems to be about the credibility and ulterior motives of J Capital. What about the content of the report? Do they have legitimate points? Do they argue their case well? Isn't that the bottom line?
 

Yeah, that was the issue with their critique of VUL a while ago too. Going short something and then putting out a scathing report that may or may not be truth leaves them open. If this plays out the same way, LKE take them to court and they end up with a settlement. Or, perhaps a court case ensures the technology that they're going to use for extracting lithium (same at VULs) is tested and proved to actually works on scale.
 
greggles said:
It's interesting that the discussion at various other online venues seems to be about the credibility and ulterior motives of J Capital
Click to expand...

LKE is a crowd favourite? And there will be some true believers as well. Trapped sellers from the near $2.50 high ?
Currently 8.5% of stock is shorted, more than EML.....
 

TOP SHORTED STOCKS​

FLTFLIGHT CENTRE TRAVEL ORDINARY15.91%
NANNANOSONICS LIMITED ORDINARY12.51%
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SQ2BLOCK CDI 1:1 NYSE10.11%
RRLREGIS RESOURCES ORDINARY8.92%
PNVPOLYNOVO LIMITED ORDINARY8.85%
LKELAKE RESOURCES ORDINARY8.54%
EMLEML PAYMENTS LTD ORDINARY8.09%
KGNKOGAN.COM LTD ORDINARY7.97%
MSBMESOBLAST LIMITED ORDINARY7.88%
CXOCORE LITHIUM ORDINARY7.78%
WEBWEBJET LIMITED ORDINARY7.44%
ZIPZIP CO LTD.. ORDINARY7.28%
INGINGHAMS GROUP ORDINARY7.10%
OBLOMNI BRIDGEWAY LTD ORD US PROHIBITED6.84%
SBMST BARBARA LIMITED ORDINARY6.80%
PDNPALADIN ENERGY LTD ORDINARY6.78%
IELIDP EDUCATION LTD ORDINARY6.77%
CCXCITY CHIC COLLECTIVE ORDINARY6.69%
CUVCLINUVEL PHARMACEUT. ORDINARY6.60%
Data: 06/07/2022
MORE SHORTED STOCKS...

CURRENT TOP 5​


Data source: © Australian Securities & Investments Commission. Reproduced with permission.

Short selling is a technique used to profit from a fall in the price of a stock. It is a method where you sell first, and buy later - if the price of the stock drops then you are selling for a higher price than you are buying resulting in a profit. Even if you do not participate in short selling yourself, knowing which ASX stocks are being shorted by others can provide some useful insights into the opinions of the market.

This site provides data on stocks that are being shorted on the ASX. This data is sourced from ASIC, and is the aggregate short positions for each stock. The higher the percentage, the more of that stock is shorted. It is important to note that ASIC releases this information with a delay of 4 trading days (T+4), and the data on this site is updated accordingly. This site should not be considered investment advice, nor is the information guaranteed to be accurate. Please read our notes on data and our disclaimer.
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WEEKLY MOVERS​

IGB2.17%2.17
CYM2.52%1.96
COE0.80%1.45
LKE8.54%1.42
NCK2.31%1.27
Data: 28/06/2022-06/07/2022
MORE MOVERS...

NOTICES​

 
Lake's response to the J Cap thing hasn't been liked by the market, off 15% or so. Chart looks shocking.

Reading their description of the Lilac DLE process has left me scratching my head a bit. If they need to ship a demonstration plant from California to Argentina, that means it's not proven on the material they have to access as yet to me. Still does sound like it's a developing technology.



 
Last edited:
Sean K said:
Lake's response to the J Cap thing hasn't been liked by the market, of 15% or so. Chart looks shocking.
Click to expand...

The bottom line is I don't think Lake's reply has managed to dispel the doubts that J Capital's report has put in the mind's of investors and would-be investors.

No mention of litigation either, so presumably J Capital's report didn't contain any false statements of fact.
 

There've done a lot of work in trying to describe the technology, but for us mere mortal punters you almost have to trust their word that it'll work. But, just because the chemical techniques have worked in water and uranium sectors doesn't mean it'll translate directly to lithium does it? They're really banging on about the ESG aspects to using this method...


On the Lilac Solutions proprietary ion exchange technology:

Lake believes DLE will become the primary method of lithium extraction because it is the only practical way to ramp up lithium supply sustainably and in a way that conforms to increasing ESG scrutiny on lithium projects. The chemical techniques employed are already well-established in the water industry and direct extraction by ion exchange is also widely used in the uranium sector.

However, in the lithium industry not all DLE processes are the same. This is why Lake has taken the time to identify the process that is not only most efficient but also delivers a product that represents the most socially and environmentally sustainable approach to lithium extraction through ion exchange DLE and brine managed reinjection.
 
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