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Today's news.
LKE - Lake Resources
- Thread starter springhill
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Once a speculator darling, LKE can only reach south pole now before reversing
Sean K
Moderator
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Dona Ferentes
Did the Thessalonians write back?
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tide is still going out.
still a $300M market cap, and $90M in the kitty
still a $300M market cap, and $90M in the kitty
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A few tipsters picked LKE in the 2023 Yearly Comp. By the end of the year it had lost over 83%, so it has now been tagged as one of the 4 Dogs in 2023 Comp.
So we'll keep an eye on it this year so see how it goes. Since the start of this year 2024 it hasn't been off to a great start now down 27.69% this month already.
So we'll keep an eye on it this year so see how it goes. Since the start of this year 2024 it hasn't been off to a great start now down 27.69% this month already.
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Dona Ferentes
Did the Thessalonians write back?
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tide's gone out on this ...
trading halt is requested pending the release of an announcement by a (?) Company regarding a potential capital raising.
Will they get 9c?
trading halt is requested pending the release of an announcement by a (?) Company regarding a potential capital raising.
Will they get 9c?
Dona Ferentes
Did the Thessalonians write back?
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nope.
Barrenjoey and Canaccord Genuity are seeking buyers for 214 million shares at 7¢ apiece, or a 39.1 per cent discount to the last close. Morgans was mandated as the co-lead manager.
The raise was split as a $15 million placement and a $5 million share purchase plan
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One of the 4 Dog (down -83.75%) in the 2023 Comp.
Not good, this has continued down this year -48.46% so far and the Long and Short term trends are down naturally.
Not good, this has continued down this year -48.46% so far and the Long and Short term trends are down naturally.
Dona Ferentes
Did the Thessalonians write back?
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A "salar" is described as an area covered in salt that is formed by the evaporation of groundwater in hydrographically closed desert .
"LKE" could be described as an area if speculation covered in ordure formed by the evaporation of investor dollars in a graphically diminishing desert.
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One of the 4 Dog (down -83.75%) in the 2023 Comp.
Down another -4.55% this month at the moment, it needs to turn around now. That's a big drop from a high of $2.65 this time 2 years ago to 0.063 today, down 97.6% in 2 years.
Down another -4.55% this month at the moment, it needs to turn around now. That's a big drop from a high of $2.65 this time 2 years ago to 0.063 today, down 97.6% in 2 years.
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One of the 4 Dog (down -83.75%) in the 2023 Comp.
Down another -4.55% this month at the moment, it needs to turn around now. That's a big drop from a high of $2.65 this time 2 years ago to 0.063 today, down 97.6% in 2 years.
Is 0.53 going to be the bottom? Time will tell, we'll have another look next month.
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One of the 4 Dog (down -83.75%) in the 2023 Comp. It's going to do it again this year, now down -76.69%. Support didn't hold. Stays in the trend longer than you think at times! Where will it end?
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One of the 4 Dog (down -83.75%) in the 2023 Comp.
This continues in the same direction ... Down! Now at 0.035, down -73.08% this year.
This continues in the same direction ... Down! Now at 0.035, down -73.08% this year.
Good afternoon
Some spark back into the SP... ASX asked the question of all questions ...
Is LKE aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities? No, LKE is not aware of any information concerning it that has not been announced to the market, which, if known by some in the market, could explain the recent trading in its securities
See attached
Daily Chart
Not holding
Have traded
Kind regards
rcw1
Some spark back into the SP... ASX asked the question of all questions ...
Is LKE aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities? No, LKE is not aware of any information concerning it that has not been announced to the market, which, if known by some in the market, could explain the recent trading in its securities
See attached
Daily Chart
Not holding
Have traded
Kind regards
rcw1
Dona Ferentes
Did the Thessalonians write back?
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former darling ... now 3.3c
Kachi Lithium Brine Project in Argentina is significantly progressed and ranks as one of the largest lithium assets in the Lithium Triangle. Highlights of Kachi include:
- Largest independent development project across the Lithium Triangle with Phase One plant capacity of 25ktpa of battery grade lithium carbonate and potential for expansion
- Total resource exceeds 10.6 million tonnes of lithium carbonate equivalent
- Completed Phase One Definitive Feasibility Study in December 2023 with demonstration plant achieving 99.9% impurity rejection and 80% lithium recovery
- Kachi is near shovel ready with the Exploitation Environmental Impact
Assessment well advanced with approvals expected mid-2025
The decision to pursue a review of strategic alternatives is driven by the Company’s view that Kachi’s intrinsic value and strategic significance is materially undervalued by the market. The decision is also supported by recent announcements from companies with Argentine lithium projects receiving proposals that far exceed their current market capitalisations.
Lake Resources Announces Exploration of Strategic Alternatives
Kachi Lithium Brine Project in Argentina is significantly progressed and ranks as one of the largest lithium assets in the Lithium Triangle. Highlights of Kachi include:
- Largest independent development project across the Lithium Triangle with Phase One plant capacity of 25ktpa of battery grade lithium carbonate and potential for expansion
- Total resource exceeds 10.6 million tonnes of lithium carbonate equivalent
- Completed Phase One Definitive Feasibility Study in December 2023 with demonstration plant achieving 99.9% impurity rejection and 80% lithium recovery
- Kachi is near shovel ready with the Exploitation Environmental Impact
Assessment well advanced with approvals expected mid-2025
The decision to pursue a review of strategic alternatives is driven by the Company’s view that Kachi’s intrinsic value and strategic significance is materially undervalued by the market. The decision is also supported by recent announcements from companies with Argentine lithium projects receiving proposals that far exceed their current market capitalisations.
