MM’s thoughts on LKE ?

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Question asked 05/02/2022

MM’s thoughts on LKE ?

Hi James, 6-month old subscriber here, love all the reports. What are your thoughts on Lake Resources (LKE) ? Thanks, Avish

Answer

Hi Avish,

Lake Resources (LKE) is a $1bn lithium operator which has simply been moving in an amplified manner to the more well known lithium companies such as $5.8bn Allkem Ltd (AKE), i.e. AKE has corrected 28% from its January high whereas LKE has corrected 37% from its November high, overall we like the sector but acknowledge it;s still a crowded space for the speculator and as such accumulating into weakness makes more sense than chasing strength.

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Lake Resources (LKE)

LAST UPDATED 04/02/2022 19:13

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