Lake Resources (LKE) operates as an exploration and development company which explores prime lithium basins and pegmatites in Argentina. Non-executive Chairman Stu Crow sold almost 8 million shares recently at an average price of 49.2c which looks like bad selling today and would imply to the sceptical players that a takeover is not imminent.
- We can see major bounces by LKE such as the recent 50% pop but it’s definitely in the speculative basket for MM.
MM is neutral towards LKE
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