LKE

2.17%

4.7¢ lake resources n.l.

Ann: LKE Investor Briefing and Webinar, page-51

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Jojo84

18 Posts.

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29/01/19

13:19

Post #: 37251050
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Originally posted by gassed: ↑

THIS is the expectation that has NOT been satisfied and the SP is quite naturally showing the punters' discontent.

17 November 2018. 74 days ago!!
Lake’s Managing Director Stephen Promnitz said: “While drilling has been frustratingly slow at Cauchari, the upside is that the challenging downhole conditions show that the large, adjoining producing brine basin extends into our leases. Our focus is on getting to the targeted horizons and sampling them as quickly as possible.”

27 November 2018. 64 days ago!!
Lake Resources Managing Director Steve Promnitz said: “We are very pleased to report such a significant maiden JORC Mineral Resource estimate for Kachi. The team advanced drilling within 12 months on an undrilled project, and defined a large resource and located a project that stands alongside the largest lithium projects in Argentina.” “We will expand the resource with more drilling and move into a pre-feasibility study using conventional and a direct extraction technology from Lilac Solutions which indicate high recoveries, low costs and a reduced time to production of lithium.”10 December 2018. 50 days ago!!!!
Welcoming the results, Lake’s Managing Director, Steve Promnitz said they supported the Company’s plans for the rapid development of a new mine, tapping into growing global demand for lithium on the back of the world’s clean energy revolution in car and battery technology. “Lilac’s proprietary extraction process could put Lake ahead of rival projects in terms of cost and recovery rate, giving Kachi a significant boost in terms of profitability, as well as minimising its environmental impact,” Mr Promnitz said. “Increased grade through the enhancement process indicates that a 300 mg/L lithium brine could produce lithium carbonate or lithium chloride products. We look forward to further advancing this research as part of the upcoming PFS for Kachi.”

NOTHING disappoints punters and investors more than that type of language (rhetoric) that is just floated around into the "blue sky" zone with no continual follow up. Simply not good enough and that's why the SP gets smashed. Steve Promniz has the solution.
Consistent and timely INFORMATION!!Let's see what's in the Dec QR this week.

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No problems with whats being said. They have been round 2-3 years. Not long. Long term investor. Don't care about the punters.

LKE Price at posting: 6.1¢ Sentiment: Buy Disclosure: Held
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