LKE 3.13% 6.6¢ lake resources n.l.

Thank you Grasi, The Lilac option is preferred for all of the...

  1. 302 Posts.
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    Thank you Grasi,


    The Lilac option is preferred for all of the reasons provided to us but is not a deal breaker if it runs into financial or technical problems. There is at least one very well advanced more "conventional" alternative that does not rely on evaporation ponds and achieves comparable results to Lilac.  as  described in a previous post..


    Cauchari / Olarez fit nicely into the strategy suggested by "gassed" concerning conversion of the options. It is possible that at the end of the day Lake will have no operational involvement in those projects given the interest the results will hold for the adjacent operators. Four projects would unduly disperse management and working capital resources


    Kachi and Catamarca would present a well balanced "portfolio"  (brine and hard rock). and  would be less demanding from a management perspective than all four projects.  $8 million working capital focused on two projects will allow  ramping up of Kachi drilling program and exploration Catamarca development.


    It will not be surprise if a partner for Catamarca steps up to progress that project.in the reasonably near future


    The overall corporate strategy will be as significant as the results for the individual projects and Lilac and will determine Lake's ability to deliver


    Market


    The last two days have seen well organized stability in the share price if the organization of the buy side and consistent course of sales is any indication.. The buy side has again regrouped this morning with 13 bids @ $0.10 / $0.15 of which there are only two small parcels totaling 23,000.


    Existing shareholders held firm for long stretches for the last two days. It appears that there is a high level of confidence in the outcomes that our Chairman and CEO are working towards.


    That will be tested today with the Dow down 530 points and falling with more than an hour to close ("as you sow, so shall you reap").


    .Looking forward to "Hfox1" valuable feedback from the UK/









 
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