LKE - Lake Resources

[greggles]

J Capital have already made some money on this short. I wonder whether they will issue a further response in reply to Lake's announcement today. Surely they wouldn't let this go unanswered? I imagine they would want to have the last word.

 

[bk1]

But, just because the chemical techniques have worked in water and uranium sectors doesn't mean it'll translate directly to lithium does it?

Exactly, and at what unit cost?
And because it has not been proven at scale there can hardly be any firm off take arrangements which LKE now seem to acknowledge.

J Capital have already made some money on this short.

Not much left to short, it fell from the heights of $2.50 all on its own until now.

 

[Iggy_Pop]

My pick for stock tipping for August. Wild ride last month after an attack from J Capital, hopefully a bottom is in and we move up from here. Still some questions on the process which hopefully we will get some positive announcements on this month.

Iggy

 

[Dona Ferentes]

My pick for stock tipping for August. Wild ride last month after an attack from J Capital, hopefully a bottom is in and we move up from here. Still some questions on the process which hopefully we will get some positive announcements on this month.

market seems to be behind the story, again (good call, iggy)

 

[totem]

Am wondering about upside of Lake Resources. There are a number of releases due this half year
new CEO and executives
Pilot plant progressing
release of assay results for three other associated sites
increase of resource at present pilot site
release of Defined feasability study
release on finance package
release on offtake suppliers
given this scenario and the weakness technicially the released will derisk value and head towards $2 quickly and then up to $3+ longer term as production doubles again. So from my prespective it is all positive. Has anyone got any other information in regard to Lake Resources ?

 

[Austwide]

My thoughts on LKE (I maybe wrong)

It is very popular among the younger social media group. So it moves up fast and down quicker due to its many followers.
It spent a lot of money on self promotion.
Its process has not been proven to work yet.

I may be tempted to trade it, but until the pilot plant is proven, not a hold.

 

[Iggy_Pop]

Good recovery this month and good choice for the stock tipping comp. As mentioned by totem, there are a number of reasons for more upside -

new CEO and executives
Pilot plant progressing
release of assay results for three other associated sites
increase of resource at present pilot site
release of Defined feasability study
release on finance package
release on offtake suppliers

But still a few issues around the pilot plant, time will tell, and my pick again for September

Iggy

 

[noirua]

Lake Resources (ASX:LKE) inks offtake and investment deal with WMC Energy

Lithium company Lake Resources (ASX:LKE) has flagged a potential offtake and investment deal with energy supply specialist WMC Energy.

themarketherald.com.au

Lithium company Lake Resources (LKE) has flagged a potential offtake and investment deal with energy supply specialist WMC Energy.

Lake today said it had signed a conditional framework agreement with WMC for the offtake of up to 25,000 tonnes per annum of battery-grade lithium from Lake’s flagship Kachi project in Argentina.

 

[noirua]

Vonex (ASX:VN8) to acquire OntheNet for $9.6m

Vonex (ASX:VN8) is set to acquire 100 per cent of the shares in telecommunications business OntheNet for $9.6 million.

themarketherald.com.au

Vonex (VN8) is set to acquire 100 per cent of the shares in telecommunications business OntheNet for $9.6 million.

The acquisition price comprises $7.7 million in cash payable on the completion of the deal and $1.9 million worth of escrowed shares.

 

[Iggy_Pop]

My pick again for the November stock tipping comp. Annual report came out last week with a number of milestones lie ahead for Lake in fiscal 2022, including first production from the demonstration plant at Kachi, the successful completion of the DFS, an Environmental and Social Impact Assessment (ESIA) and the delivery of our first ever Sustainability Report.

The demonstration plant is the key item to resolve and would give the share price a bounce.

Iggy

 

[Dona Ferentes]

... first production from the demonstration plant at Kachi, the successful completion of the DFS, an Environmental and Social Impact Assessment (ESIA) and the delivery of our first ever Sustainability Report.

The demonstration plant is the key item to resolve and would give the share price a bounce.

and here it comes?

Lake Resources has advised that a contract amendment has been signed to resolve its dispute with Lilac Solutions, allowing the teams to reset their relationship and focus on delivery of the Kachi project.

Lake and Lilac agreed to an amended timeline, which both companies are confident can be achieved. Lake will maintain its buy back rights if Lilac does not meet agreed testing criteria in a "timely manner".

Both parties continue work at the Kachi demonstration plant, with performance in line with expectations.

 

[Iggy_Pop]

My pick for the stock tipping again. With the contract issues with Lilac Solutions now sorted out, the share price should settle and rise from here, though does seem to be some negativity toward the lithium sector at the moment. Time will tell.


Iggy

 

[Sean K]

does seem to be some negativity toward the lithium sector at the moment. Time will tell.


Iggy

Yeah, that's the problem at the moment. Rumors or reports with no facts say that China is reducing and or cancelling orders or something like that. I think it's short term static. But, if EV sales really do fall off a cliff due to a global recession, Li stocks could be under pressure.

 

[Iggy_Pop]

My pick for January stock tipping and CY 23 stock tipping. LKE has been going well but more recently some concerns on the pilot plant have not been resolved. With a correction in lithium stocks recently, the share price has struggled, but hoping for a bounce.

Iggy

 

[totem]

it seems that lake resoutces cant win not only is CEO employed for millions and no mining conpany development experience but also comes from a chapter 11 us company that had 100 year existence before his tenure and now is employing executives from thay chapter 11 company as well welcome to world of illussion

 

[Iggy_Pop]

My pick again for the stock tipping comp for March. Share price performance has been poor, so hoping for a bounce when more results from the process are released, though may not be til April. There still is some scepticism around the process, however if it is successful, the share price will rocket up

Link to the new CEO presentation explaing the progress of the company and a few challenges of the process.




Iggy

 

[Iggy_Pop]

One more try with Lake resources for the stock tipping competition. The share price for most lithium miners has dropped recently but lke has dropped more than most. Seems confidence in the company is waning, but we might see a bounce if the bank issues sort them selves out.

 

[Dona Ferentes]

some negativity toward the lithium sector at the moment. Time will tell.

Lake Resources’ non-executive chairman, Stu Crow, has sold a total of 7,919,367 Lakes shares through on-market trades between 17 March and 23 March. Crow received a total consideration of $3,893,187.77, which represents an average of 49.16 cents per share.

Closed at 41.5c today.

...nothing to crow about.

 

[Garpal Gumnut]

What is all the kerfuffle about LKE today?

Going over its history it appears to be one of the ASX Greatest Losers apart from 10% burps like today.

Where to from here o wise ones. or To where from here, or Where from to there? You know what I mean.

Knowledege of this stock 5%. Outlook from chart -90%.

gg

 

[Sean K]

What is all the kerfuffle about LKE today?

Going over its history it appears to be one of the ASX Greatest Losers apart from 10% burps like today.

Where to from here o wise ones. or To where from here, or Where from to there? You know what I mean.

Knowledege of this stock 5%. Outlook from chart -90%.

gg

It's had a shocking 12 months. Only hope might be a takeover by one of the other lithium players in the 'lithium triangle'...