Lithium operator LKE operates as an exploration and development company which explores prime lithium basins and pegmatites in Argentina, the stock has plunged over the last year illustrating there’s more to successful investing than picking the correct sector. Recently Non-executive Chairman Stu Crow sold almost 8 million shares at an average price of 49.2c which is not a vote of confidence and would imply to the sceptical players that a takeover is not imminent.
- We aren’t interested in LKE even under 40c although that area would look good from a risk/reward trading perspective.
MM has no interest in LKE around 50c
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