Company Report
Last edited one year ago
PerformanceCommunity EngagementCommunity Endorsement
Performance (31m)
-16.4% pa
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#Bear Case
stale
Added one year ago

JCap’s original attack was about DLE and how it wasn’t going to work - recent preliminary data shows that it is working, with 80% preliminary lithium extraction from brines in the pilot plant at Kachi. There is refining to do to get the extraction ratio better in my opinion but DLE is working.

JCap has shut up about that and is now using FOI searches to try and “pick on” something else (this time alleging that funding is not fully secured) - it is painful to watch and it is clearly apparent that he/they have a large short position to cover.

LKE is still a long way from meaningful Li+ production but they are making progress. I hold a position on SM and wish them luck - if they get this right and water consumption in brine lithium extraction is significantly diminished then they deserve their share price to go to the moon.

IF they get this right the whole industry will take a massive step in the right direction towards more environmentally conscious and sustainable mining !

JCap should be wishing them well and not trying to undermine them - really hope he/they get their toes burnt.

#ASX Announcements
stale
Added 2 years ago

Now in the ASX 300…

Does that mean they can’t be in the “small cap” investing realm any more ?

#Bull Case
stale
Added 2 years ago

Further to Slats notes, the feasibility study has now suggested that 50000t per year Li+ is all very doable from Kachi site….

The lithium price at $30-50k per tonne currently and the EBITDA per year has potential to be greater than current Market Cap.

2024/5 until this level of production is possible

LKE also has 3 other sites that may come online down the track - potential for even more production

HELD IRL