LKE 2.17% 4.7¢ lake resources n.l.

Ann: Response to ASX Query, page-15

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  1. 110 Posts.
    lightbulb Created with Sketch. 42
    Hi all, 
    yes, the share price continues to get battered at present but after reviewing everything today, I’m of the opinion that this will turn. The ASX query is understanble and similar action should happen in London on the AIM market. 
    However, I think LKE responded appropriately and will surprise people. I’ve gone through the various projects and the one I’m not sure about and need more on is Paso. The hard rock at Catamarca is drawing my attention especially as I’m invested in IRR and seeing what they’re turning up in Ghana (DYOR) it certainly makes Catamarca very interesting and I’m sure desirable from certain quarters. 
    Cauchari is frustrating because results were expected earlier. I can wait though as I’m expecting a positive outcome but I do understand the frustrations of others. 

    Kachi is the news I’m really looking forward to once Lilac complete their processing and show it can be scaled up. The viable processing costs with the new technology together with the scale of Kachi and the expandable Resource beyond the Maiden Resource of 4.4m/t continue to excite. 8-17Mt of LCE which may well be revised upwards imo & the vastness of the 100% owned project are enough to keep me here and add more at these bargain prices.  
    Funding remains an issue but I’m prepared to believe there are enough savvy investors as well as several companies in the Battery / Auto sectors willing to go for a JV but at what price? 
    I expect this will change quickly and the focus will turn to a pilot plant and the roadmap through to 2021 is worked through. 
    If you haven’t watched Simon Moores Presentation to the US Senate Energy committee yet, then it’s an excellent view and real eye opener to how far behind the US are 
    and how they desperately need Lithium. If they need to build a gigafactory in every state,  then where is the Lithium coming from?
    17-70 Megafactories in 14 Months and the US has made very little progress in that time. HUGE SQUEEZE coming imo. LKE has incredible scale, that’s why I’m here. 
    Time to hold your nerve imo. 
    The only exploration stocks i’m holding are IronRidge IRR & SOLG on LSE AIM & 250 & then LKE and DHR on ASX. 
    Patience will pay.
    Still accumulating IRR, SOLG and LKE
    Have a great weekend folks. 
    Hfox
 
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Last
4.7¢
Change
0.001(2.17%)
Mkt cap ! $76.75M
Open High Low Value Volume
4.7¢ 4.8¢ 4.6¢ $86.64K 1.845M

Buyers (Bids)

No. Vol. Price($)
16 953924 4.6¢
 

Sellers (Offers)

Price($) Vol. No.
4.7¢ 29834 3
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