LKE

2.17%

4.7¢ lake resources n.l.

Hfox, You make great good points and I agree with most of them....

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Pippo17

133 Posts.

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16/02/19

12:11

Post #: 37457713
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Originally posted by Hfox1 ↑

Thanks Gassed.
I agree with that. I don’t want to hear ANN when there’s nothing to report. It makes me laugh when various conspiracy theories come out. They’ve had trouble drilling in a difficult area in sandy conditions due to the good flow rates. It was expected to be honest.
What’s more important is that they get there in the end with appropriate results and not the date.
I’ve communicated with Steve and Stu before and met them both twice at events in London. That was what prompted me to set up the chat room because I knew others were watching too. I tend not to bother CEO, M.D. etc with emails unless it’s something specific.
I prefer to speak face to face and went with a run of questions in London. To be fair they answered them and I was struggling to get the scale of Kachi and put it into context but Steve explained it brilliantly with the depth and volume, location and comparative data. I’ve also been on a learning curve wrt to Brine and the processing and they explained the complexity of Brine their strategy in Argentina and the new Lilac technology and processing. Myself and another investor pressed them for more information on Lilac and scaling up, partnership etc but that information wasn’t forthcoming which was understandable at the time.
ORE - There timeline lasted 11 years before they got to this stage.
LKE - They started in 2015/16 and I think they’ll get their quicker than ORE did but obviously there will be delays, unforeseen problems and funding to be arranged as well as possible JV.
Bring it on is what I say.

Ikappo - I say fair play to LKE for putting a timeline out there. Many companies don’t bother and just drag along for years getting nowhere.

I say that by putting a timeframe of expected targets out there Lake Resources have shown their own high expectations for themselves, share holders and the company. They’ve aimed high and I like that. These guys are on a mission imo. Far better to have aimed high and fall a bit short rather than to have little expectation at all and got nowhere.
The EV market and demand for Lithium will carry this to 50c at some point. The Lilac technology is a disruptive tech in the sector and some people don’t like that but screw them. Those processing numbers are amazing, run the figures on Kachi and enjoy the ride.
I’m fed up with gloom merchants. This is a great opportunity with 4 projects that will get 4 deals.

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Hfox,

You make great good points and I agree with most of them. I only area I simply can't agree with is share price, some of these predictions and valuations that have came out are laughable. The share market is a place where basically you make a decision on what you think your best picks will be worth in the future. If you think it's going or going to be at a higher price you would simply buy ? So with the amount of shares we trade on a daily basis what that says to me is the market doesn't think LKE is going anywhere any time soon. Investors are happy skip over lake and not even pick up a few at 5c that's what i find strange. it's black and white, not negativity

Last edited by Pippo17: 16/02/19

LKE Price at posting: 5.1¢ Sentiment: None Disclosure: Held
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Hfox, You make great good points and I agree with most of them....

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Hfox, You make great good points and I agree with most of them....

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