LRK - Lark Distilling Co.

[galumay]

that would really risk a near death experience

I think death is more likely than a takeover! Without the $25m cap raise earlier this FY it would be dead already. Surviving on equity raisings while burning cash is not a great tactic. I guess the whiskey bank of 2.5m litres has some value in a potential takeover, but the real value of all assets looks to be worth less than the market cap so I dont see any real likelihood of a takeover.

 

[IvoryWolf]

***** MONTHLY UPDATE FOR FULL CALENDAR YEAR 2025 STOCK TIPPING COMPETITION - @mullokintyre *****

June 2025 - Following on from last month's update for Lark Distilling Company (LRK), the clear downtrend of lower highs and lower lows continues with no end in sight at the present time. New key major support/resistance zones that have developed over the past month include $0.78 (from the open of 12th June) and $0.74 (from the open of 30th May). No change in sentiment since last month's update.

 

[Ferret]

I've picked LRK again for the July comp.

It jumped 12.4% to 77c on 30 June with a bit of a boost in volume.

The day's high was 84c. Someone was keen to buy. Maybe this is the start of something?

 

[IvoryWolf]

***** MONTHLY UPDATE FOR FULL CALENDAR YEAR 2025 STOCK TIPPING COMPETITION - @mullokintyre @peter2 *****

July 2025 - Following on from last month's update for Lark Distilling Company (LRK), and @Ferret's message above, a momentum change appears to be in play with respect to LRK which has the potential to be placing a floor on the share price decline that has been in place for quite a while. The prior resistance area of $0.85 is directly in contention at the present time, however the improved DMI and RSI indicators look promising in the first instance. Let's see whether the follow-through, if any, continues off this base.

 

[IvoryWolf]

***** MONTHLY UPDATE FOR FULL CALENDAR YEAR 2025 STOCK TIPPING COMPETITION - @mullokintyre @peter2 *****

August 2025 - Following on from last month's update for Lark Distilling Company (LRK), the potential momentum change noted last month appears to be in play in establishing a floor / base in the share price to prevent further share price decline. Two potential support levels have developed based upon the open of 30th May ($0.74) and the open of 3rd June ($0.76), with a successful test of these areas occurring midway through August. Of most interest is the fact that this successful test was consolidated with further price increases (with decent volume) after a poor earnings release that missed earnings estimates on 21st August. Once again, as per note last month, the prior resistance area of $0.85 is directly in contention at the present time. Let's see whether the follow-through, if any, continues off this base.