LKE

2.17%

4.7¢ lake resources n.l.

that lke price retrace downward is because of low turnover and...

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brunk

252 Posts.

19

13/03/19

15:18

Post #: 37748704
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Originally posted by gassed: ↑

beisha. IMO, the rout at GLN, now down to .30, was all about hype and pumps from some real ST pros. They hit .65 and a MC of near $70 million, from the scant results of ONE hole.!!!
As soon as they had the TH and then the 3B with the exercise of .15 options, when the SP was .65, and flying, then followed by the VS, which took the previous buyers chasing a quick kill into T-2 pay up territory, it was panic time.
We have seen in 2 and a half days, over 1,4000 trades at an average of 7,000 shares, clearly, ST, greedy, punters who just chased the hype, and probably with no dough to pay for them, expecting a very quick exit after the TH, but, the VS stuffed them big time. And it's continuing today, which also suggests that they have had to sell other shares on T-2 to cash up to pay for their GLN punt.
It's classic history repeating itself. The technicalities of their project is quite irrelevant . LKE is NOT in the same boat as their ann that took it up to 13.5 was really excellent, it's just that with no follow up, the no news is bad news, thinking comes into play and you have seen a very gradual slide down by over 50% to where we are today. GLN has lost nearly 60% in 2 and a half days. Completely different situation. Nothing to do with either projects, just different shareholder agendas.

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that lke price retrace downward is because of low turnover and lack of market interest not because of lke fundamentals - so its a little bit different to gln. lke never got near gln highs even last summer. gln is way more hype. last year market analysts put figures like 50 cents on lke. again to date lke's sp has never got near those valuations - no hype at lke or very little. actually we could do with a nice dose of hype. lke's gotta be worth 30 or 40 cents right now

Last edited by brunk: 13/03/19

LKE Price at posting: 6.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)
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

View Market Depth

No.	Vol.	Price($)
1	29210	0.053
1	18000	0.052
1	97832	0.051
1	81300	0.049
1	20000	0.048

Price($)	Vol.	No.
0.056	100000	1
0.057	10961	1
0.059	201818	2
0.060	106000	2
0.064	12536	1

Last trade - 16.10pm 25/11/2024 (20 minute delay)

LKE (ASX) Chart

that lke price retrace downward is because of low turnover and...

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that lke price retrace downward is because of low turnover and...

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