I had the same thought, but it doesn't align with my criteria...

I had the same thought, but it doesn't align with my criteria for speculative stocks, which includes a potential for 3x gain versus a 50% risk of decline over one year. To achieve this 3x potential uplift, LKE would need a significant 2x rise in lithium carbonate prices. However, there's a serious risk (near certainty?) of voluntary administration (VA) at any moment, leading to a 100% loss. My initial prediction was an 8 cent CR and a 5-cent low, but now, based on a 7-cent CR, it's looking more like a 4-cent low, and then, of course, we're just playing out the endgame. Management will likely close the shutters and opt for VA when they realize no further CRs are possible. Actually, given the earlier statements about the amazing golden parachute with Dickie's payout, it could be argued that he would be motivated in that direction, turning from the 'lake fall guy' to the 'lake fail guy'.


.