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LKE - LAKE RESOURCES N.L.


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The announcement from the headmasters PA

 

 

The suspension of trading in the securities of Lake Resources NL (âââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’‹Ã…“LKEâââہ¡Ãƒâ€šÃ‚¬ÃƒÆ’¢Ã¢Ã¢â€š¬Ã…¾Ãƒâ€šÃ‚¢) will be lifted immediately, following the

lodgement of their Half Yearly Report for the period ending 31 December 2019.

Issued by

Lauren Osbich

Compliance Adviser, Listings Compliance (Sydney)

 

The headmasters PA has a most unfortunate moniker.

Mick

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LKE on a steady up trend recently, and boosted by a 11% increase today.

Seems more and more interest in their brine technology is coming in.

Big blocks of buyers waiting, witht he numbers of sellers decreasing.

When this sort of buying pressure builds, it usually means a share price increase.

 

Mick

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Cap raising to the sophisticates at 0.03.

With the price nudgng .037 prior to the TE, this is a pretty good discount to the sophisticates.

Now a big queue of sellers lined up.

Only way is down from here, at least we probably can assume that .03 will provide the downward floor price.

Think I will take my losses and run away.

Mick

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Well, just after the cap raising, the announcement about the "choosing" of Nomix to use the brine output products to produce battery cells.

A cynic might suggest that the sophisticates may have been nudged with this information before the market was informed, but of course that would be highly illegal.

I still don't understand why they do not organise these announcements before they do the cap raising.

They would get a greater price for their issued shares and tend not to piss off the remaining shareholders.

Mick

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too true.

• Lake appoints respected Novonix Battery Technology Solutions in Nova Scotia, Canada, to produce high-performance lithium-ion battery test cells using Lake’s lithium carbonate samples compared to industry leading materials.

 

• Data from battery technology and materials company Novonix will allow potential users and offtakers of Lake’s high purity, responsibly sourced product to make direct comparisons of its performance

LKE up 15% and NVX up 10%

 

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