We have a QR due this week and they "might" throw in some updates to what we already know. Re the drop in the SP, I reckon that it's simply as a result of great expectations on potentially game changing data from Kachi and especially Cauchari, both of which could be complete game changers and took the SP to that .14, but were disappointed on both fronts resulting in a (gradual) bail out from minor punters as can be seen from the daily volumes. And, with very low liquidity in this company, small trades have an exaggerated effect on the SP and we have seen the SP drop to these levels on relatively very low turnover. It's ALL about NEWS and PROGRESS and if they are positive, IMO, you'll soon see a very quick turnaround, using the same "reason", low liquidity!! That move from just .073 to .14 came off volume of just 10 million shares in 8 trading days, but took 30 trading days to go back from that .14 to 7.3!! That's not "the company" that's "the market" and punters.
LKE Price at posting:
6.3¢ Sentiment: Buy Disclosure: Held
(20min delay)
