Lake Resources（LKE）株式概要レイク・リソーシズ社（Lake Resources NL）は、主にアルゼンチン、オーストラリア、米国でリチウム塩水と鉱物の探査・開発に従事している。 詳細LKE ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性4/6配当金0/6リスク分析キャッシュランウェイが1年未満である 過去5年間で収益は年間32.2%減少しました。 意味のある収益がありません ( A$2M )過去1年間で株主の希薄化が進んだ すべてのリスクチェックを見るLKE Community Fair Values Create NarrativeSee what 28 others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueAU$Current PriceAU$0.0765.0k% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-72m37m2016201920222025202620282031Revenue AU$2.9mEarnings AU$394.0kAdvancedSet Fair ValueView all narrativesLake Resources NL 競合他社Havilah ResourcesSymbol: ASX:HAVMarket cap: AU$230.0mAmerican Rare EarthsSymbol: ASX:ARRMarket cap: AU$258.6mElement 25Symbol: ASX:E25Market cap: AU$88.0mSyrah ResourcesSymbol: ASX:SYRMarket cap: AU$228.2m価格と性能株価の高値、安値、推移の概要Lake Resources過去の株価現在の株価AU$0.07652週高値AU$0.1652週安値AU$0.025ベータ0.341ヶ月の変化-30.91%3ヶ月変化-9.52%1年変化137.50%3年間の変化-85.79%5年間の変化-70.77%IPOからの変化-72.86%最新ニュースNew Risk • Mar 02New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$23m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$23m free cash flow). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (AU$1.8m revenue, or US$1.2m).New Risk • Dec 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risk Revenue is less than US$5m (AU$5.7m revenue, or US$3.8m).New Risk • Nov 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (AU$5.7m revenue, or US$3.7m). Market cap is less than US$100m (AU$138.6m market cap, or US$89.1m).Recent Insider Transactions • Nov 08Non-Executive Chairman of the Board recently bought AU$427k worth of stockOn the 6th of November, Geoffrey Crow bought around 12m shares on-market at roughly AU$0.036 per share. This transaction increased Geoffrey's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Geoffrey's only on-market trade for the last 12 months.New Risk • Nov 05New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$5.7m revenue, or US$3.7m). Market cap is less than US$100m (AU$77.3m market cap, or US$50.1m).New Risk • Oct 12New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$5.7m revenue, or US$3.7m). Market cap is less than US$100m (AU$81.4m market cap, or US$52.8m).最新情報をもっと見るRecent updatesNew Risk • Mar 02New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$23m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$23m free cash flow). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (AU$1.8m revenue, or US$1.2m).New Risk • Dec 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risk Revenue is less than US$5m (AU$5.7m revenue, or US$3.8m).New Risk • Nov 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (AU$5.7m revenue, or US$3.7m). Market cap is less than US$100m (AU$138.6m market cap, or US$89.1m).Recent Insider Transactions • Nov 08Non-Executive Chairman of the Board recently bought AU$427k worth of stockOn the 6th of November, Geoffrey Crow bought around 12m shares on-market at roughly AU$0.036 per share. This transaction increased Geoffrey's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Geoffrey's only on-market trade for the last 12 months.New Risk • Nov 05New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$5.7m revenue, or US$3.7m). Market cap is less than US$100m (AU$77.3m market cap, or US$50.1m).New Risk • Oct 12New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$5.7m revenue, or US$3.7m). Market cap is less than US$100m (AU$81.4m market cap, or US$52.8m).お知らせ • Oct 07Lake Resources NL, Annual General Meeting, Nov 20, 2025Lake Resources NL, Annual General Meeting, Nov 20, 2025.Reported Earnings • Sep 27Full year 2025 earnings released: AU$0.011 loss per share (vs AU$0.035 loss in FY 2024)Full year 2025 results: AU$0.011 loss per share (improved from AU$0.035 loss in FY 2024). Net loss: AU$19.5m (loss narrowed 63% from FY 2024).New Risk • Sep 20New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 55% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Shareholders have been diluted in the past year (29% increase in shares outstanding). Revenue is less than US$5m (AU$6.7m revenue, or US$4.4m). Market cap is less than US$100m (AU$64.7m market cap, or US$42.7m).New Risk • Sep 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 55% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$6.7m revenue, or US$4.4m). Market cap is less than US$100m (AU$68.9m market cap, or US$45.6m).お知らせ • Jul 24Lake Resources NL has completed a Follow-on Equity Offering in the amount of AUD 2.0995 million.Lake Resources NL has completed a Follow-on Equity Offering in the amount of AUD 2.0995 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 65,000,000 Price\Range: AUD 0.0323 Transaction Features: Subsequent Direct Listingお知らせ • Jul 23Lake Resources NL has filed a Follow-on Equity Offering in the amount of AUD 2.0995 million.Lake Resources NL has filed a Follow-on Equity Offering in the amount of AUD 2.0995 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 65,000,000 Price\Range: AUD 0.0323 Transaction Features: Subsequent Direct ListingNew Risk • May 06New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$35m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$35m free cash flow). Earnings have declined by 55% per year over the past 5 years. Minor Risks Revenue is less than US$5m (AU$6.7m revenue, or US$4.3m). Market cap is less than US$100m (AU$61.3m market cap, or US$39.7m).New Risk • Apr 15New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$35m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$35m). Currently unprofitable and not forecast to become profitable over next 2 years (AU$5.0m net loss in 2 years). Revenue is less than US$5m (AU$6.7m revenue, or US$4.2m). Market cap is less than US$100m (AU$57.7m market cap, or US$36.7m).お知らせ • Apr 14Lake Resources NL has completed a Follow-on Equity Offering in the amount of AUD 22.4 million.Lake Resources NL has completed a Follow-on Equity Offering in the amount of AUD 22.4 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 56,000,000 Price\Range: AUD 0.4 Transaction Features: Subsequent Direct Listingお知らせ • Apr 11Lake Resources NL has filed a Follow-on Equity Offering in the amount of AUD 22.4 million.Lake Resources NL has filed a Follow-on Equity Offering in the amount of AUD 22.4 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 56,000,000 Price\Range: AUD 0.4 Transaction Features: Subsequent Direct ListingNew Risk • Mar 05New minor risk - Revenue sizeThe company makes less than US$5m in revenue. Total revenue: AU$5.9m (US$3.7m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$35m). Currently unprofitable and not forecast to become profitable over next 2 years (AU$5.0m net loss in 2 years). Shareholders have been diluted in the past year (22% increase in shares outstanding). Revenue is less than US$5m (AU$5.9m revenue, or US$3.7m). Market cap is less than US$100m (AU$57.3m market cap, or US$35.8m).New Risk • Feb 05New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$80m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$80m). Currently unprofitable and not forecast to become profitable over next 3 years (AU$5.0m net loss in 3 years). Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (AU$69.5m market cap, or US$43.0m).お知らせ • Jan 31Lake Resources NL has filed a Follow-on Equity Offering in the amount of AUD 0.28797 million.Lake Resources NL has filed a Follow-on Equity Offering in the amount of AUD 0.28797 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 6,856,430 Price\Range: AUD 0.042 Transaction Features: Subsequent Direct Listingお知らせ • Nov 27Austroid Corporation completed the acquisition of Three non-core lithium brine assets in Argentina from Lake Resources NL (ASX:LKE).Austroid Corporation entered into an asset sale agreement to acquire Three non-core lithium brine assets in Argentina from Lake Resources NL (ASX:LKE) for $9 million on November 12, 2024. The non-core assets included in the Transaction are lithium brine tenements and related assets located in Jujuy Province, Argentina; namely Paso de Jama, Olaroz, and Cauchari. The Transaction will provide Lake with additional, non-dilutive liquidity and the funds will be used to support the Company’s financial runway to continue its focus on progressing its flagship asset, the Kachi Project. The Transaction also further positions Lake to advance Kachi and benefit from an evolving lithium market landscape – especially in light of recent industry developments. Approval by the shareholders of the additional placement capacity requested by the Company at the upcoming Annual General Meeting would also further enhance the Company’s liquidity position. Closing of the Transaction and receipt of proceeds are subject to customary closing conditions and are expected to occur by the end of 2024. Austroid Corporation completed the acquisition of Three non-core lithium brine assets in Argentina from Lake Resources NL (ASX:LKE) on November 27, 2024.Reported Earnings • Sep 26Full year 2024 earnings released: AU$0.035 loss per share (vs AU$0.033 loss in FY 2023)Full year 2024 results: AU$0.035 loss per share (further deteriorated from AU$0.033 loss in FY 2023). Revenue: AU$23.3m (down 47% from FY 2023). Net loss: AU$52.5m (loss widened 15% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 23 percentage points per year, which is a significant difference in performance.お知らせ • Sep 26Lake Resources NL Announces Executive ChangesLake Resources N.L. announced the appointment of Nkechi Ezimah as Senior Finance Manager and Company Secretary. The appointment of Nkechi Ezimah as Senior Finance Manager and Company Secretary will be effective 26 September 2024, following the resignation of Mark Anning, Head of Legal, Australia and Company Secretary. Ms. Ezimah has been a critical part of Lake's Finance team since November 2022. Prior to joining Lake, she held manager and senior level positions at BDO, Findex, PricewaterhouseCoopers LLP, and Deloitte, where she primarily serviced clients in the mining industry. Ms. Ezimah is a senior finance professional with 18 years of finance and accounting experience in both public accounting and in-house corporate practice. She has extensive experience with ASX listed companies. Ms. Ezimah is a Chartered Accountant and holds qualifications of M.Sc. Corporate Finance from the University of Liverpool. Ms. Ezimah is a Fellow of the Institute of Chartered Accountants of Nigeria and an Associate of Certified Public Accountants of Australia.New Risk • Sep 21New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 67% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$70.1m market cap, or US$47.7m).New Risk • Aug 02New major risk - Revenue and earnings growthEarnings have declined by 67% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 67% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$61.7m market cap, or US$40.2m).Board Change • Aug 02Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Robert Trzebski was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jul 26Lake Resources NL Announces Board ResignationsLake Resources N.L. announced additional measures to right-size the Company and reduce ongoing expenditure level. To address the Company's need to adjust to current market conditions, Mr. Howard Ian Atkins, Dr. Cheemin Bo-Linn, and Ms. Ana Gomez Chapman have voluntarily resigned as directors of the Company with effect from 25 July 2024. Mr. Atkins, Dr. Bo-Linn, and Ms. Chapman have been non-executive directors of the Company since early December 2022 and January 2023. Chairman, Stuart Crow, non-executive director Robert Trzebski and Managing Director and CEO of Lake, David Dickson, will remain as directors of Lake.New Risk • Mar 21New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$4.0m net loss in 3 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (AU$111.4m market cap, or US$73.3m).お知らせ • Mar 12+ 1 more updateLake Resources NL has completed a Follow-on Equity Offering in the amount of AUD 14.95274 million.Lake Resources NL has completed a Follow-on Equity Offering in the amount of AUD 14.95274 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 213,610,575 Price\Range: AUD 0.07 Discount Per Security: AUD 0.0042 Transaction Features: Subsequent Direct ListingPrice Target Changed • Mar 09Price target decreased by 16% to AU$0.43Down from AU$0.52, the current price target is an average from 4 analysts. New target price is 278% above last closing price of AU$0.12. Stock is down 81% over the past year. The company is forecast to post a net loss per share of AU$0.017 next year compared to a net loss per share of AU$0.033 last year.New Risk • Mar 07New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$99m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$99m free cash flow). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (AU$4.0m net loss in 3 years).分析記事 • Mar 02We're A Little Worried About Lake Resources' (ASX:LKE) Cash Burn RateWe can readily understand why investors are attracted to unprofitable companies. For example, although...New Risk • Jan 17New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$149.4m (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$95m). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (AU$149.4m market cap, or US$97.9m).お知らせ • Dec 08Lake Resources NL Announces CFO TransitionLake Resources NL announced that it has appointed Don Miller as Chief Financial Officer (‘CFO’), effective immediately. Mr. Miller is a highly accomplished energy financial executive bringing over 35 years of experience. He joins Lake after serving as the President and CEO of Bristow Group Inc. (‘Bristow’), a leading global provider of helicopter services to the offshore energy industry. Importantly, he also served as Bristow's Chief Financial Officer, leading the development of the company's financial strategy, overseeing all corporate finance functions, and leading international corporate M&A efforts, including strategy, structuring, and negotiations. Earlier in his career, Mr. Miller served in financial roles of increasing responsibility at large, international public companies. Mr. Miller holds a Bachelor of Science degree from the University of Memphis, and a Master in Business Administration from The University of Texas at Austin. He also holds the Chartered Financial Analyst designation. Mr. Miller is currently a Board member of Hornbeck Offshore Services. Mr. Miller is replacing Peter Neilsen, who will be moving on from the Company.分析記事 • Nov 07Lake Resources (ASX:LKE) Will Have To Spend Its Cash WiselyJust because a business does not make any money, does not mean that the stock will go down. For example, biotech and...Price Target Changed • Nov 01Price target decreased by 12% to AU$1.02Down from AU$1.16, the current price target is an average from 4 analysts. New target price is 539% above last closing price of AU$0.16. Stock is down 85% over the past year. The company is forecast to post a net loss per share of AU$0.014 next year compared to a net loss per share of AU$0.033 last year.お知らせ • Oct 05Lake Resources NL, Annual General Meeting, Nov 30, 2023Lake Resources NL, Annual General Meeting, Nov 30, 2023.New Risk • Sep 30New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$95m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$95m). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding).分析記事 • Jul 21Will Lake Resources (ASX:LKE) Spend Its Cash Wisely?Just because a business does not make any money, does not mean that the stock will go down. For example, although...お知らせ • Jul 04Lake Resources NL Appoints Lindsay Bourg as Chief Accounting OfficerLake Resources NL announced the appointment of Lindsay Bourg as Chief Accounting Officer, effective immediately. Lindsay will be based in the company's Houston office. Lindsay joins Lake from Solaris Oilfield Infrastructure Inc., where she served as Chief Accounting Officer beginning prior to the company's IPO in 2017. She managed capital expenditures of over $400 million related to the manufacture of specialized oilfield equipment and revenues of over $1 billion for equipment and logistics services. Prior to joining Solaris, Lindsay served in various roles of responsibility for Sabine Oil & Gas Corporation, including, Vice President, Chief Accounting Officer, and Controller from July 2009 to April 2017. During this tenure, Lindsay also served as Controller for Sabine Oil & Gas LLC. Prior to Sabine, Lindsay held management and senior level positions at Davis Petroleum Corporation, Burlington Resources and PricewaterhouseCoopers LLP. Lindsay obtained her Bachelor of Business Administration degree in Accounting from Texas State University, where she graduated magna cum laude and is a Certified Public Accountant.New Risk • Jul 02New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$86m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$86m free cash flow). Earnings are forecast to decline by an average of 59% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$26m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding).Price Target Changed • Jun 20Price target decreased by 15% to AU$1.96Down from AU$2.31, the current price target is an average from 5 analysts. New target price is 417% above last closing price of AU$0.38. Stock is down 72% over the past year. The company is forecast to post a net loss per share of AU$0.01 next year compared to a net loss per share of AU$0.0051 last year.Breakeven Date Change • Apr 28No longer forecast to breakevenThe 3 analysts covering Lake Resources no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$34.0m in 2025. New consensus forecast suggests the company will make a loss of AU$39.9m in 2025.Price Target Changed • Apr 28Price target decreased by 8.0% to AU$2.30Down from AU$2.50, the current price target is an average from 5 analysts. New target price is 449% above last closing price of AU$0.42. Stock is down 78% over the past year. The company is forecast to post a net loss per share of AU$0.01 next year compared to a net loss per share of AU$0.0051 last year.Breakeven Date Change • Apr 19No longer forecast to breakevenThe 4 analysts covering Lake Resources no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$34.0m in 2025. New consensus forecast suggests the company will make a loss of AU$4.95m in 2025.Price Target Changed • Apr 19Price target decreased by 8.0% to AU$2.30Down from AU$2.50, the current price target is an average from 5 analysts. New target price is 365% above last closing price of AU$0.49. Stock is down 78% over the past year. The company is forecast to post a net loss per share of AU$0.01 next year compared to a net loss per share of AU$0.0051 last year.Price Target Changed • Apr 05Price target increased by 9.6% to AU$2.50Up from AU$2.28, the current price target is an average from 5 analysts. New target price is 427% above last closing price of AU$0.47. Stock is down 77% over the past year. The company is forecast to post a net loss per share of AU$0.0097 next year compared to a net loss per share of AU$0.0051 last year.Recent Insider Transactions • Mar 26Insider recently sold AU$3.6m worth of stockOn the 23rd of March, Ainsley Williams sold around 7m shares on-market at roughly AU$0.49 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$6.9m more than they bought in the last 12 months.分析記事 • Mar 16Here's Why We're Watching Lake Resources' (ASX:LKE) Cash Burn SituationEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...お知らせ • Feb 01Lake Resources NL Appoints Gentry Brann as Its First Chief People and Administration OfficerLake Resources NL announced the appointment of Gentry Brann as its first Chief People and Administration Officer, effective immediately. Ms. Brann will lead the Company's Human Resources functions, as well as advancing diversity and inclusion as the company expands. Ms. Brann has over 25 years of experience leading HR and Communications functions. Ms. Brann joins Lake from McDermott, where she led the company's strategic focus on inclusion and diversity, as well as human resources, communications and marketing, real estate and facilities, and global travel. Ms.Brann joined McDermott from CB&I in 2018, where she served as Senior Vice President of Communications and Brand Management. Prior to CB&I's acquisition of The Shaw Group, she served as Vice President of Investor Relations and Corporate Communications for Shaw. Ms. Brann also held various roles at ICF International, ALSAC/St. Jude Children's Research Hospital and Archer Malmo Advertising and Public Relations Agency. Ms. Brann holds an MBA from Duke University's Fuqua School of Business and a bachelor's degree from Louisiana State University. She is also a graduate of the Advanced Leadership Program at Rice University's Jones School of Business. Ms. Brann's appointment adds to other key appointments, including Howard Atkins, Cheemin Bo-Linn and Ana Gomez Chapman to the board, and, most recently, Amalia Sáenz as Vice President, Argentina Corporate Affairs.Price Target Changed • Jan 12Price target decreased to AU$2.25Down from AU$2.50, the current price target is an average from 5 analysts. New target price is 161% above last closing price of AU$0.86. Stock is down 13% over the past year. The company is forecast to post a net loss per share of AU$0.0098 next year compared to a net loss per share of AU$0.0051 last year.お知らせ • Jan 10Lake Resources NL and Lilac Solutions, Inc. Announce On-Time Achievement of Key Milestones for Project KachiLake Resources NL and its direct lithium extraction technology partner, Lilac Solutions announced the on-time achievement of key milestones for Project Kachi. Project Kachi is a world-class lithium development project that is poised to lead the industry in the production of high-quality lithium with a minimal environmental footprint. As outlined in the agreement between Lilac and Lake, Lilac has successfully operated the Demonstration Plant for 1,000 consecutive hours and produced 40,000 litres of lithium chloride eluate before December 31, 2022, and therefore has met all key testing milestones in accordance with the agreed timeline. The lithium chloride eluate produced by Lilac is in the process of being shipped to Saltworks and converted to lithium carbonate, after which it will be independently tested for purity. Lake CEO and Managing Director David Dickson said the achievement of these milestones demonstrated the significant promise of Project Kachi.お知らせ • Jan 05Lake Resources Announces Executive and Board ChangesLake Resources NL announced the appointment of Mark Anning as Head of Legal, Australia and Company Secretary. Additionally, as previously announced when assuming the role of Executive Chairman in June 2022, Stu Crow has now transitioned to the role of non-executive chairman of the Board of Directors. The appointment of Mark Anning as Head of Legal, Australia and Company Secretary, will be effective January 9, 2023. From that date Mr. Peter Nielsen will step down as Company Secretary and will remain the Chief Financial Officer of Lake Resources. Mr. Anning has practiced at Partner level in private practice, and in-house at CEO and Chair direct report level for several ASX and NASDAQ listed companies. Mr. Anning's 30 years in legal and corporate practice has seen him specialise in corporate and commercial law, dispute resolution, risk management, and corporate governance. Mr. Anning is a Chartered Secretary and holds the qualifications of Bachelor of Commerce and LLB (Hons) from the University of Queensland and a Graduate Diploma in Applied Corporate Governance. Mr. Anning is a Fellow of the Governance Institute of Australia and is admitted to practice in all Commonwealth Courts and the Supreme Courts of Queensland and Victoria. Stu Crow's transition from his role of Executive Chairman is occurring in accordance with the timetable laid out at the time of his appointment in June 2022. Mr. Crow was appointed Executive Chairman to oversee the designation of a new CEO, recruit additional board members, and establish US offices. He will remain non-executive chairman of the Board of Directors.お知らせ • Jan 03Lake Resources NL Appoints Ana Gomez Chapman as DirectorLake Resources NL announced the appointment of Ana Gomez Chapman as Director of the company. Date of appointment is 1 January 2023.お知らせ • Dec 13Lake Resources NL Announces Board ChangesLake Resources NL announced the appointment of Ms. Ana Gomez Chapman to its Board, effective January 1, 2023. Ms. Chapman is a financial services executive and board director with over 25 years of investment management, capital markets and business leadership experience. She has worked and lived across the U.S., Europe, Latin America and Asia Pacific. Ms. Chapman previously served on the Board of Directors of MP materials, a US-based sustainable rare earth production and refining company where she steered the company through an operational turn-around that led to a New York Stock Exchange listing. She has also served on the Advisory Board of investment software company Backstop Solutions Group. Ms. Chapman is a capital markets expert who has held senior roles at institutional investment firms including Hamilton Lane, where she currently serves as a Managing Director. She previously was Senior Relationship Manager and Alternatives Lead at Allianz Global Investors, President of JHL Capital Group LLC, and Vice President at Goldman Sachs in their Latin American, Asian and US equities businesses. Ms. Chapman holds a Bachelor of Science in Civil and Environmental Engineering from Cornell University and an MBA from Columbia Business School. Ms. Chapman's appointment follows the board appointments of Mr. Howard Atkins and Dr. Cheemin Bo-Linn, announced earlier this week. Mr. David Dickson assumed the role of CEO and Managing Director in September 2022. Mr. Dickson is an industry leader with over 30 years' experience in engineering, construction, and EPC cost management, across the energy sector. He has a proven track record in successfully delivering multibillion dollar resource projects. Ms. Chapman will be issued 238,500 Restricted Stock Units that vest one year after appointment (1 January 2024). Shareholder approval will not be sought for the issue of the Restricted Stock Unit (or their exercise) as Ms. Chapman was not a director of Lake at the time of the negotiations and had no influence over the decision to issue the Restricted Stock Units.Board Change • Dec 11Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Amalia Saenz was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Dec 07+ 2 more updatesLake Resources NL Announces the Appointment of Dr. Cheemin Bo-Linn to the BoardLake Resources NL announced the appointment of Dr. Cheemin Bo-Linn to the board of Lake Resources, effective December 5, 2022. This is a key appointment to strengthen and broaden the experience of the Lake Resources board and build the business for the long term. Dr. Bo-Linn is an accomplished CEO, former Fortune 100 operations executive, and board director with over 25 years of governance expertise at private organizations and public companies across the Americas and Europe. Her board leadership experience at public companies includes her appointment as Lead Independent Director, Chair of every major committee (Audit, Compensation, Nomination/Governance), Chair of Sustainability/ESG, and Chair of the Technology and Cybersecurity committees. Her related current board service includes Flux Power, a leading developer and manufacturer of advanced sustainable lithium-ion energy storage solutions for industrial mobility fleets. Until recently, Dr. Bo-Linn was CEO of Peritus Partners, a valuation accelerator which also provided consulting and operations expertise in software (SaaS), IoT, mobile, and digital (analytics, marketing, e-commerce, supply chain, and cybersecurity). Previously, during her 20+ years in senior IBM executive roles, she led global teams as IBM's VP of Industrial Sector/Electronics, responsible for IBM's software, semiconductor chips, storage, and consulting services.お知らせ • Nov 29Lake Resources NL Announces Retirement of Nicholas Lindsay as DirectorLake Resources NL announced that Dr. Nicholas Lindsay has retired as a director of the Company with effect 28 November 2022. Nick has been a director of the Company since 2017, initially as a non-executive director, then executive director technical, and more recently as a non -executive Director.お知らせ • Nov 21Lake Resources NL Provides Update on Kachi ProjectLake Resources NL advised that a contract amendment has been signed to resolve the dispute between Lilac Solutions and Lake Resources. This amendment allows the teams to reset the relationship and jointly focus on delivery of the world class Kachi Project which will lead the industry in terms of high-quality Lithium produced with a minimal environmental footprint. In resolving the dispute, Lake and Lilac have agreed to an amended timeline which both are confident can be achieved; as before, Lake will have certain buy back rights if Lilac does not meet agreed testing criteria in a timely manner. Lilac and Lake continue work at the Kachi Project Demonstration Plant, with performance of the plant in line with expectations. The Demonstration Plant has now produced more than 15% of the total Demonstration Plant forecast output in the short period since the Plant came online this quarter. 20,000 litres of LiCl have been produced to date and ongoing production is proceeding, consistent with the Demonstration Plant's planned operational schedule. The Demonstration Plant is currently operating continuously at 90% of steady state capacity, volume, and production. Hatch Ltd. engineering personnel will travel to Argentina to observe and validate the operations of demonstration plant in steady state in coming weeks. The Kachi Demonstration Plant continues to produce in-spec LiCl solution between 1900 and 3800 mg/L. Previous testing on Kachi brines at Lilac's California headquarters Oakland delivered 1400-2354mg/L. Lilac Solutions is preparing samples for shipment to Saltworks and Lilac's facility in Oakland CA for conversion into Lithium Carbonate.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Amalia Saenz was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 02Lake Resources NL Provides an Update on Progress At the Kachi Project Lithium Processing Demonstration PlantLake Resources NL provided an update on progress at the Kachi project lithium processing demonstration plant. Completion of construction of the demonstration plant on site and the wet and dry commissioning process took place during September and October. The demonstration plant is now processing Kachi brines with final optimisation of the process now nearing completion. Lilac Solutions Executive Vice President, Bart Packer, has been on site at Kachi to oversee the final adjustments to the plant to ensure optimisation of processes prior to continual processing getting underway. Lake proposes that this final lithium product will then be qualified by a tier one battery maker to vali date product specifications.お知らせ • Oct 18Lake Resources NL Appoints Scott Munro as Senior Vice President Technology, Strategy and RiskLake Resources NL has appointed Mr. Scott Munro to the newly created position of Senior Vice President Technology, Strategy and Risk. This is a key appointment to strengthen and broaden the experience of the Lake Resources management team and build the business for the long term. Mr. Munro has significant experience and skills in strategic partnerships, corporate strategic planning, and technology development. In addition, Mr. Munro has experience of creating new business units and growing them rapidly to deliver large-scale industrial developments. Mr. Munro has overseen the successful delivery of large-scale industrial projects in international markets and has broad experience including general management, strategic planning, partnership development and overseeing technology development. His prior roles included Corporate Development Officer at McDermott International with responsibility for Strategy Development following a period as Business Unit leader for the company's Americas, Europe, and Africa (AEA) Business Unit and overseeing its re-entry into these geographical areas. In addition to these primary roles Mr. Munro also sat on the board of directors of the McDermott /Baker Hughes Joint Venture consultancy company, io consulting, and the Low Carbon Technology development business NETPower as it moved through Pilot plant delivery.お知らせ • Oct 14Lake Resources NL announced that it expects to receive funding from SK on Co., Ltd.Lake Resources NL announced a private placement of October 12, 2022. The transaction will include participation from new investor SK on Co., Ltd.. for 10% stake in the company. The shares will have an issue price based on a 20 trading-day VWAP prior to the date on which Lake makes a public announcement of the Conditional Framework Agreement.お知らせ • Oct 04+ 1 more updateLake Resources NL, Annual General Meeting, Nov 29, 2022Lake Resources NL, Annual General Meeting, Nov 29, 2022.お知らせ • Sep 19Lake Resources NL Updates Kachi Demonstration Plant ActivityLake Resources NL (Lake) advised that work proceeds with Lilac Solutions Inc. (Lilac) on site at the Kachi Project in Argentina, with commissioning now underway on the demonstration plant. Whilst on 14 September 2022 Lake issued a Notice of Dispute under its agreement with Lilac, in respect of certain performance timelines (Dispute), Lake wishes to advise that ongoing work is being done by Lilac at the Kachi Project and all parties are confident on-site operations will be successful. Lake confirms that construction of the facility to house the Lilac demonstration plant is now complete. Dry commissioning of the demonstration plant commenced on Wednesday September 14. Lilac has advised Lake that, subject to completion of dry commissioning, it expects to begin wet commissioning of the plant on September 22; once wet commissioning is complete, Lilac expects to begin on-site processing of Kachi brines in the first week of October. Whilst the test program is based on operating the demonstration plant for 1,000 hours it is anticipated that the first 2,000 litres of lithium concentrate produced from the demonstration plant will be sent for conversion into Lithium Carbonate once delivered. Lake proposes that this final Lithium product will then be qualified by a tier 1 battery maker to validate product specifications. Lake will continue to update the market on the Kachi Project, the Dispute, and, as the demonstration test work continues, on the progress, the timelines, milestones and outcomes. Lake confirms offtake discussions continue to advance and new appointments to the Lake board are in final stages of consideration.Breakeven Date Change • Sep 13Forecast breakeven date pushed back to 2025The analyst covering Lake Resources previously expected the company to break even in 2024. New forecast suggests the company will make a profit of AU$34.0m in 2025. Average annual earnings growth of 97% is required to achieve expected profit on schedule.お知らせ • Sep 07Lake Resources NL Appoints David Dickson as CEOLake Resources NL announced the appointment of Mr. David Dickson to the role of CEO. Mr. Dickson is an industry leader with over 30 years' experience in process technology, engineering, construction, and EPC cost management, across the energy sector. He has a proven track record in successfully delivering multibillion dollar resource projects. Mr. Dickson's expertise will support Lake's rapid growth and its mission to become a leader in the supply of responsibly sourced, environmentally friendly, and cost competitive high-purity lithium. Mr. Dickson is currently a Senior Advisor to Private Equity firm, Quantum Energy Partners, the leading global provider of private capital to the responsibly sourced energy and energy transition & decarbonization sectors and an Executive Strategic Advisor to strategic investment firm, The Chatterjee Group. He spent over seven years as CEO of global engineering and construction firm McDermott International, leaving in 2021. At the outset of his tenure, McDermott employed approximately 14,000 people and operated in 20 countries. Mr. Dickson built a strong leadership team, steered the company into profitable new markets and struck deals with key customers, such as Saudi Aramco. He oversaw McDermott's merger with CB&I and ultimately grew the business to over 30,000 employees across 54 international markets. Prior to McDermott he was previously President of Technip USA, overseeing marketing and operations in North, Central, and South America. He was also appointed to the board of the US National Safety Council, and a member of the World Hydrogen Council.分析記事 • Sep 02Lake Resources (ASX:LKE) Is In A Good Position To Deliver On Growth PlansEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...お知らせ • Aug 19Lake Resources Appoints Sean Miller as Corporate Development OfficerLake Resources has appointed an experienced mining company commercial executive Mr. Sean Miller to the newly created position of Corporate Development Officer to fast-track development activity across Lake's three brine projects in the Jujuy Province of Argentina - Cauchari, Olaroz and Paso. Mr. Miller has significant experience and skills in project execution, supply chains, contracts and procurement, and project optimisation. He has broad experience including general management, strategic planning, supply chain, finance, legal, information technology, sustainable development and human resources in both greenfield projects and brownfield sites.お知らせ • Jun 21Lake Appoints Stu Crow as Executive ChairmanLake Resources NL announced that as part of the transition to serve critical North American and Asian supply chains Chairman Stu Crow will be appointed executive chairman to oversee the transition for a period of six months. As part of this transition to North America current Managing Director Steve Promnitz will depart after establishing Lake's dominant position in Argentina.分析記事 • May 19Lake Resources (ASX:LKE) Is In A Good Position To Deliver On Growth PlansWe can readily understand why investors are attracted to unprofitable companies. For example, Lake Resources ( ASX:LKE...Price Target Changed • Apr 27Price target increased to AU$2.43Up from AU$1.88, the current price target is an average from 4 analysts. New target price is 24% above last closing price of AU$1.96. Stock is up 543% over the past year. The company is forecast to post a net loss per share of AU$0.006 next year compared to a net loss per share of AU$0.0035 last year.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Amalia Saenz was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Apr 15Technical Director & Executive Director recently sold AU$664k worth of stockOn the 13th of April, Nicholas Lindsay sold around 350k shares on-market at roughly AU$1.90 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$4.4m more than they bought in the last 12 months.Breakeven Date Change • Apr 11No longer forecast to breakevenThe 3 analysts covering Lake Resources no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$9.60m in 2024. New consensus forecast suggests the company will make a loss of AU$53.9m in 2024.Price Target Changed • Mar 30Price target increased to AU$1.88Up from AU$1.67, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of AU$1.95. Stock is up 481% over the past year. The company is forecast to post a net loss per share of AU$0.0065 next year compared to a net loss per share of AU$0.0035 last year.お知らせ • Mar 04Lilac Demonstration Plant Being Delivered to Kachi ProjectLake Resources NL confirmed the modular demonstration plant designed and built by the engineering team at Lilac Solutions Inc, has been dispatched from California USA to the Kachi Project in Argentina. Lilac Solutions, Lake's technical partner, has assembled the ion exchange modules and supporting equipment for the demonstration plant within five 40 ft (12m) shipping containers. The modular design allows for a "plug and play" approach, once brine feed, power and reagents are connected. The demonstration plant will operate for around 3 to 4 months to produce lithium chloride (eluate) representing 2.5 tonnes of lithium carbonate. This will be converted into high purity battery quality lithium carbonate for potential offtakers and battery qualification later in the year. The demonstration plant operations on site will also inform final engineering design prior to construction of the commercial-scale project. Meanwhile, test work at Lilac Solutions' facility in California continues to produce the data required for the Definitive Feasibility Study and lithium carbonation testwork continues at Hazen Research in Colorado.Price Target Changed • Mar 01Price target increased to AU$1.67Up from AU$1.55, the current price target is an average from 4 analysts. New target price is 85% above last closing price of AU$0.91. Stock is up 123% over the past year. The company is forecast to post a net loss per share of AU$0.0065 next year compared to a net loss per share of AU$0.0035 last year.Breakeven Date Change • Feb 18Forecast to breakeven in 2024The 4 analysts covering Lake Resources expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$9.60m in 2024. Average annual earnings growth of 82% is required to achieve expected profit on schedule.お知らせ • Feb 15Lake Resources NL Announces Expansion Strategy to Fast-Track Lithium Projects InitiatedLake Resources NL is bringing forward a $15 million program across its three 100 % owned projects - Olaroz, Cauchari and Paso - for drilling and brine testing to fast- track these projects into feasibility studies in the TARGET 100 Program. Lake has initiated an expansion and integration strategy to fast-track its portfolio of assets in Argentina to deliver the TARGET 100 Program being the aspirational goal to produce annually 100,000 tonnes of high purity lithium to market by 2030. A separate exploration and testing team dedicated to rapid development across Lake's three other brine projects in Argentina will be utilising the comprehensive data set developed during the Kachi project's direct extraction processing test work. The drilling program has started with the first rotary well of a 4,000m 10-hole program, in the northern areas of the Olaroz leases, which cover a 30km long area on the eastern side of established lithium producers. These projects are located in Jujuy province, in the north-west of Argentina, close to the Allkem (Orocobre) Olaroz operation and the Lithium Americas Ganfeng JV Cauchari project. The drill wells are designed to quickly quantify brines identified, develop the aquifers, and conduct pumping tests and provide data for initial feasibility studies. Rotary wells will be followed later by diamond holes. Brines will be sampled and tested with environmentally friendly direct lithium extraction method, similar to previous work conducted on Kachi project lithium brines.分析記事 • Jan 31Lake Resources (ASX:LKE) Is In A Strong Position To Grow Its BusinessWe can readily understand why investors are attracted to unprofitable companies. By way of example, Lake Resources...Recent Insider Transactions • Dec 31Non-Executive Chairman recently sold AU$3.0m worth of stockOn the 24th of December, Geoffrey Crow sold around 3m shares on-market at roughly AU$0.90 per share. This was the largest sale by an insider in the last 3 months. This was Geoffrey's only on-market trade for the last 12 months.Recent Insider Transactions • Nov 14Technical Director & Executive Director recently sold AU$637k worth of stockOn the 9th of November, Nicholas Lindsay sold around 600k shares on-market at roughly AU$1.06 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$704k more than they bought in the last 12 months.分析記事 • Oct 18Companies Like Lake Resources (ASX:LKE) Can Afford To Invest In GrowthJust because a business does not make any money, does not mean that the stock will go down. For example, Lake Resources...お知らせ • Sep 29Lake Resources NL Provides Update on its Kachi Lithium ProjectLake Resources NL continues to demonstrate financial support for its Kachi Lithium Project, after receiving a formal Letter of Interest (LOI) from Canada's official Export Credit Agency (ECA), Export Development Canada (EDC). EDC's LOI does not increase the level of potential project finance available from Export Credit Agencies for the project but does increases sourcing flexibility, greater access to low-cost direct lending and reflects additional confidence around shared financing for a robust project. LKE has also received an expression of interest from UKEF. It is planned to have EDC's participation to run alongside UKEF as the lead ECA, under a Common Terms Agreement to cover approximately 70% of the total Kachi project funding requirements, subject to standard project finance conditions.Recent Insider Transactions Derivative • Aug 06MD & Director exercised options to buy AU$3.3m worth of stock.On the 2nd of August, Stephen Promnitz exercised options to buy 5m shares at a strike price of around AU$0.09, costing a total of AU$450k. This transaction amounted to 80% of their direct individual holding at the time of the trade. Since September 2020, Stephen's direct individual holding has decreased from 16.63m shares to 13.83m. Company insiders have collectively bought AU$1.3m more than they sold, via options and on-market transactions, in the last 12 months.お知らせ • May 19Lake Resources NL Announces Drilling ResultsClean lithium developer Lake Resources NL is expanding drilling and testing beyond that required for the Definitive Feasibility Study (DFS) at the Company's Kachi Lithium Brine Project, Argentina amid strong demand for its high purity, sustainably produced product. The aim is to accelerate the conversion of Inferred Resources to Measured and Indicated (M&I) Resources, to allow for an expansion beyond the 25,500 tonnes per annum (tpa) lithium carbonate planned in the DFS. The current drilling seeks to convert resources to reserves as part of the DFS work. Initially a diamond drill program of four wells from four platforms for 1,600m will be conducted, together with brine and sediment sampling and pump testing to refine the resource estimations for a conversion to reserves, with economic assumptions. Drilling will commence within approximately two weeks, following COVID-19 controls and procedures. The Kachi Project covers 74,000 ha of leases over a salt-lake south of Livent's lithium operation in Argentina, with a large indicated and inferred resource of 4.4 Mt LCE (Indicated 1.0Mt, Inferred 3.4Mt). Less than 20% of the current total resource is utilised for the planned 25,500 tpa lithium carbonate production over 25 years. Infill drilling should assist the conversion of resources to a higher category with increased data. Subsequently, a program involving the drilling of four additional production wells is also planned to support increased production. Lake aims to sustainably produce the cleanest quality lithium carbonate at scale, with demand rapidly increasing for battery materials for use in the fast-growing battery market as the adoption of electric vehicles accelerates globally. This is evidenced by recent moves by major automakers such as Volkswagen, BMW, General Motors and others, which are investing billions of dollars in EV production and batteries.株主還元LKEAU Metals and MiningAU 市場7D-9.5%-5.9%-0.4%1Y137.5%51.6%2.9%株主還元を見る業界別リターン: LKE過去 1 年間で51.6 % の収益を上げたAustralian Metals and Mining業界を上回りました。リターン対市場: LKE過去 1 年間で2.9 % の収益を上げたAustralian市場を上回りました。価格変動Is LKE's price volatile compared to industry and market?LKE volatilityLKE Average Weekly Movement11.4%Metals and Mining Industry Average Movement12.2%Market Average Movement10.5%10% most volatile stocks in AU Market17.5%10% least volatile stocks in AU Market4.4%安定した株価: LKE 、 Australian市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: LKEの 週次ボラティリティ ( 11% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1997n/aDavid Dicksonlakeresources.com.auレイク・リソーシズ社（Lake Resources NL）は、主にアルゼンチン、オーストラリア、米国でリチウム塩水と鉱産物の探鉱・開発に従事している。主要プロジェクトは、アルゼンチンのカタマルカ州にあるカチ・リチウム・ブライン・プロジェクトである。レイク・リソーシズ社は1997年に法人化され、オーストラリアのシドニーに拠点を置く。もっと見るLake Resources NL 基礎のまとめLake Resources の収益と売上を時価総額と比較するとどうか。LKE 基礎統計学時価総額AU$169.23m収益（TTM）-AU$28.05m売上高(TTM)AU$1.80m97.6xP/Sレシオ-6.3xPER（株価収益率LKE は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計LKE 損益計算書（TTM）収益AU$1.80m売上原価AU$0売上総利益AU$1.80mその他の費用AU$29.86m収益-AU$28.05m直近の収益報告Dec 31, 2025次回決算日該当なし一株当たり利益（EPS）-0.012グロス・マージン100.00%純利益率-1,554.29%有利子負債／自己資本比率0%LKE の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 10:05終値2026/05/22 00:00収益2025/12/31年間収益2025/06/30データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Lake Resources NL 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。2 アナリスト機関Reg SpencerCanaccord GenuityJoseph ReagorRoth Capital Partners
New Risk • Mar 02New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$23m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$23m free cash flow). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (AU$1.8m revenue, or US$1.2m).
New Risk • Dec 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risk Revenue is less than US$5m (AU$5.7m revenue, or US$3.8m).
New Risk • Nov 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (AU$5.7m revenue, or US$3.7m). Market cap is less than US$100m (AU$138.6m market cap, or US$89.1m).
Recent Insider Transactions • Nov 08Non-Executive Chairman of the Board recently bought AU$427k worth of stockOn the 6th of November, Geoffrey Crow bought around 12m shares on-market at roughly AU$0.036 per share. This transaction increased Geoffrey's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Geoffrey's only on-market trade for the last 12 months.
New Risk • Nov 05New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$5.7m revenue, or US$3.7m). Market cap is less than US$100m (AU$77.3m market cap, or US$50.1m).
New Risk • Oct 12New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$5.7m revenue, or US$3.7m). Market cap is less than US$100m (AU$81.4m market cap, or US$52.8m).
New Risk • Mar 02New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$23m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$23m free cash flow). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (16% average weekly change). Revenue is less than US$5m (AU$1.8m revenue, or US$1.2m).
New Risk • Dec 29New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risk Revenue is less than US$5m (AU$5.7m revenue, or US$3.8m).
New Risk • Nov 21New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Revenue is less than US$5m (AU$5.7m revenue, or US$3.7m). Market cap is less than US$100m (AU$138.6m market cap, or US$89.1m).
Recent Insider Transactions • Nov 08Non-Executive Chairman of the Board recently bought AU$427k worth of stockOn the 6th of November, Geoffrey Crow bought around 12m shares on-market at roughly AU$0.036 per share. This transaction increased Geoffrey's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Geoffrey's only on-market trade for the last 12 months.
New Risk • Nov 05New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$5.7m revenue, or US$3.7m). Market cap is less than US$100m (AU$77.3m market cap, or US$50.1m).
New Risk • Oct 12New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 32% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (32% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$5.7m revenue, or US$3.7m). Market cap is less than US$100m (AU$81.4m market cap, or US$52.8m).
お知らせ • Oct 07Lake Resources NL, Annual General Meeting, Nov 20, 2025Lake Resources NL, Annual General Meeting, Nov 20, 2025.
Reported Earnings • Sep 27Full year 2025 earnings released: AU$0.011 loss per share (vs AU$0.035 loss in FY 2024)Full year 2025 results: AU$0.011 loss per share (improved from AU$0.035 loss in FY 2024). Net loss: AU$19.5m (loss narrowed 63% from FY 2024).
New Risk • Sep 20New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 55% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Shareholders have been diluted in the past year (29% increase in shares outstanding). Revenue is less than US$5m (AU$6.7m revenue, or US$4.4m). Market cap is less than US$100m (AU$64.7m market cap, or US$42.7m).
New Risk • Sep 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 42% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 55% per year over the past 5 years. Shareholders have been substantially diluted in the past year (42% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$6.7m revenue, or US$4.4m). Market cap is less than US$100m (AU$68.9m market cap, or US$45.6m).
お知らせ • Jul 24Lake Resources NL has completed a Follow-on Equity Offering in the amount of AUD 2.0995 million.Lake Resources NL has completed a Follow-on Equity Offering in the amount of AUD 2.0995 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 65,000,000 Price\Range: AUD 0.0323 Transaction Features: Subsequent Direct Listing
お知らせ • Jul 23Lake Resources NL has filed a Follow-on Equity Offering in the amount of AUD 2.0995 million.Lake Resources NL has filed a Follow-on Equity Offering in the amount of AUD 2.0995 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 65,000,000 Price\Range: AUD 0.0323 Transaction Features: Subsequent Direct Listing
New Risk • May 06New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$35m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$35m free cash flow). Earnings have declined by 55% per year over the past 5 years. Minor Risks Revenue is less than US$5m (AU$6.7m revenue, or US$4.3m). Market cap is less than US$100m (AU$61.3m market cap, or US$39.7m).
New Risk • Apr 15New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$35m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$35m). Currently unprofitable and not forecast to become profitable over next 2 years (AU$5.0m net loss in 2 years). Revenue is less than US$5m (AU$6.7m revenue, or US$4.2m). Market cap is less than US$100m (AU$57.7m market cap, or US$36.7m).
お知らせ • Apr 14Lake Resources NL has completed a Follow-on Equity Offering in the amount of AUD 22.4 million.Lake Resources NL has completed a Follow-on Equity Offering in the amount of AUD 22.4 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 56,000,000 Price\Range: AUD 0.4 Transaction Features: Subsequent Direct Listing
お知らせ • Apr 11Lake Resources NL has filed a Follow-on Equity Offering in the amount of AUD 22.4 million.Lake Resources NL has filed a Follow-on Equity Offering in the amount of AUD 22.4 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 56,000,000 Price\Range: AUD 0.4 Transaction Features: Subsequent Direct Listing
New Risk • Mar 05New minor risk - Revenue sizeThe company makes less than US$5m in revenue. Total revenue: AU$5.9m (US$3.7m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$35m). Currently unprofitable and not forecast to become profitable over next 2 years (AU$5.0m net loss in 2 years). Shareholders have been diluted in the past year (22% increase in shares outstanding). Revenue is less than US$5m (AU$5.9m revenue, or US$3.7m). Market cap is less than US$100m (AU$57.3m market cap, or US$35.8m).
New Risk • Feb 05New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$80m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$80m). Currently unprofitable and not forecast to become profitable over next 3 years (AU$5.0m net loss in 3 years). Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (AU$69.5m market cap, or US$43.0m).
お知らせ • Jan 31Lake Resources NL has filed a Follow-on Equity Offering in the amount of AUD 0.28797 million.Lake Resources NL has filed a Follow-on Equity Offering in the amount of AUD 0.28797 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 6,856,430 Price\Range: AUD 0.042 Transaction Features: Subsequent Direct Listing
お知らせ • Nov 27Austroid Corporation completed the acquisition of Three non-core lithium brine assets in Argentina from Lake Resources NL (ASX:LKE).Austroid Corporation entered into an asset sale agreement to acquire Three non-core lithium brine assets in Argentina from Lake Resources NL (ASX:LKE) for $9 million on November 12, 2024. The non-core assets included in the Transaction are lithium brine tenements and related assets located in Jujuy Province, Argentina; namely Paso de Jama, Olaroz, and Cauchari. The Transaction will provide Lake with additional, non-dilutive liquidity and the funds will be used to support the Company’s financial runway to continue its focus on progressing its flagship asset, the Kachi Project. The Transaction also further positions Lake to advance Kachi and benefit from an evolving lithium market landscape – especially in light of recent industry developments. Approval by the shareholders of the additional placement capacity requested by the Company at the upcoming Annual General Meeting would also further enhance the Company’s liquidity position. Closing of the Transaction and receipt of proceeds are subject to customary closing conditions and are expected to occur by the end of 2024. Austroid Corporation completed the acquisition of Three non-core lithium brine assets in Argentina from Lake Resources NL (ASX:LKE) on November 27, 2024.
Reported Earnings • Sep 26Full year 2024 earnings released: AU$0.035 loss per share (vs AU$0.033 loss in FY 2023)Full year 2024 results: AU$0.035 loss per share (further deteriorated from AU$0.033 loss in FY 2023). Revenue: AU$23.3m (down 47% from FY 2023). Net loss: AU$52.5m (loss widened 15% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 23 percentage points per year, which is a significant difference in performance.
お知らせ • Sep 26Lake Resources NL Announces Executive ChangesLake Resources N.L. announced the appointment of Nkechi Ezimah as Senior Finance Manager and Company Secretary. The appointment of Nkechi Ezimah as Senior Finance Manager and Company Secretary will be effective 26 September 2024, following the resignation of Mark Anning, Head of Legal, Australia and Company Secretary. Ms. Ezimah has been a critical part of Lake's Finance team since November 2022. Prior to joining Lake, she held manager and senior level positions at BDO, Findex, PricewaterhouseCoopers LLP, and Deloitte, where she primarily serviced clients in the mining industry. Ms. Ezimah is a senior finance professional with 18 years of finance and accounting experience in both public accounting and in-house corporate practice. She has extensive experience with ASX listed companies. Ms. Ezimah is a Chartered Accountant and holds qualifications of M.Sc. Corporate Finance from the University of Liverpool. Ms. Ezimah is a Fellow of the Institute of Chartered Accountants of Nigeria and an Associate of Certified Public Accountants of Australia.
New Risk • Sep 21New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 67% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$70.1m market cap, or US$47.7m).
New Risk • Aug 02New major risk - Revenue and earnings growthEarnings have declined by 67% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 67% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (AU$61.7m market cap, or US$40.2m).
Board Change • Aug 02Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Non-Executive Director Robert Trzebski was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jul 26Lake Resources NL Announces Board ResignationsLake Resources N.L. announced additional measures to right-size the Company and reduce ongoing expenditure level. To address the Company's need to adjust to current market conditions, Mr. Howard Ian Atkins, Dr. Cheemin Bo-Linn, and Ms. Ana Gomez Chapman have voluntarily resigned as directors of the Company with effect from 25 July 2024. Mr. Atkins, Dr. Bo-Linn, and Ms. Chapman have been non-executive directors of the Company since early December 2022 and January 2023. Chairman, Stuart Crow, non-executive director Robert Trzebski and Managing Director and CEO of Lake, David Dickson, will remain as directors of Lake.
New Risk • Mar 21New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (AU$4.0m net loss in 3 years). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (AU$111.4m market cap, or US$73.3m).
お知らせ • Mar 12+ 1 more updateLake Resources NL has completed a Follow-on Equity Offering in the amount of AUD 14.95274 million.Lake Resources NL has completed a Follow-on Equity Offering in the amount of AUD 14.95274 million. Security Name: Ordinary Shares Security Type: Common Stock Securities Offered: 213,610,575 Price\Range: AUD 0.07 Discount Per Security: AUD 0.0042 Transaction Features: Subsequent Direct Listing
Price Target Changed • Mar 09Price target decreased by 16% to AU$0.43Down from AU$0.52, the current price target is an average from 4 analysts. New target price is 278% above last closing price of AU$0.12. Stock is down 81% over the past year. The company is forecast to post a net loss per share of AU$0.017 next year compared to a net loss per share of AU$0.033 last year.
New Risk • Mar 07New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$99m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-AU$99m free cash flow). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (AU$4.0m net loss in 3 years).
分析記事 • Mar 02We're A Little Worried About Lake Resources' (ASX:LKE) Cash Burn RateWe can readily understand why investors are attracted to unprofitable companies. For example, although...
New Risk • Jan 17New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: AU$149.4m (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$95m). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (AU$149.4m market cap, or US$97.9m).
お知らせ • Dec 08Lake Resources NL Announces CFO TransitionLake Resources NL announced that it has appointed Don Miller as Chief Financial Officer (‘CFO’), effective immediately. Mr. Miller is a highly accomplished energy financial executive bringing over 35 years of experience. He joins Lake after serving as the President and CEO of Bristow Group Inc. (‘Bristow’), a leading global provider of helicopter services to the offshore energy industry. Importantly, he also served as Bristow's Chief Financial Officer, leading the development of the company's financial strategy, overseeing all corporate finance functions, and leading international corporate M&A efforts, including strategy, structuring, and negotiations. Earlier in his career, Mr. Miller served in financial roles of increasing responsibility at large, international public companies. Mr. Miller holds a Bachelor of Science degree from the University of Memphis, and a Master in Business Administration from The University of Texas at Austin. He also holds the Chartered Financial Analyst designation. Mr. Miller is currently a Board member of Hornbeck Offshore Services. Mr. Miller is replacing Peter Neilsen, who will be moving on from the Company.
分析記事 • Nov 07Lake Resources (ASX:LKE) Will Have To Spend Its Cash WiselyJust because a business does not make any money, does not mean that the stock will go down. For example, biotech and...
Price Target Changed • Nov 01Price target decreased by 12% to AU$1.02Down from AU$1.16, the current price target is an average from 4 analysts. New target price is 539% above last closing price of AU$0.16. Stock is down 85% over the past year. The company is forecast to post a net loss per share of AU$0.014 next year compared to a net loss per share of AU$0.033 last year.
お知らせ • Oct 05Lake Resources NL, Annual General Meeting, Nov 30, 2023Lake Resources NL, Annual General Meeting, Nov 30, 2023.
New Risk • Sep 30New minor risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow. Free cash flow: -AU$95m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-AU$95m). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding).
分析記事 • Jul 21Will Lake Resources (ASX:LKE) Spend Its Cash Wisely?Just because a business does not make any money, does not mean that the stock will go down. For example, although...
お知らせ • Jul 04Lake Resources NL Appoints Lindsay Bourg as Chief Accounting OfficerLake Resources NL announced the appointment of Lindsay Bourg as Chief Accounting Officer, effective immediately. Lindsay will be based in the company's Houston office. Lindsay joins Lake from Solaris Oilfield Infrastructure Inc., where she served as Chief Accounting Officer beginning prior to the company's IPO in 2017. She managed capital expenditures of over $400 million related to the manufacture of specialized oilfield equipment and revenues of over $1 billion for equipment and logistics services. Prior to joining Solaris, Lindsay served in various roles of responsibility for Sabine Oil & Gas Corporation, including, Vice President, Chief Accounting Officer, and Controller from July 2009 to April 2017. During this tenure, Lindsay also served as Controller for Sabine Oil & Gas LLC. Prior to Sabine, Lindsay held management and senior level positions at Davis Petroleum Corporation, Burlington Resources and PricewaterhouseCoopers LLP. Lindsay obtained her Bachelor of Business Administration degree in Accounting from Texas State University, where she graduated magna cum laude and is a Certified Public Accountant.
New Risk • Jul 02New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$86m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$86m free cash flow). Earnings are forecast to decline by an average of 59% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (AU$26m net loss in 2 years). Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding).
Price Target Changed • Jun 20Price target decreased by 15% to AU$1.96Down from AU$2.31, the current price target is an average from 5 analysts. New target price is 417% above last closing price of AU$0.38. Stock is down 72% over the past year. The company is forecast to post a net loss per share of AU$0.01 next year compared to a net loss per share of AU$0.0051 last year.
Breakeven Date Change • Apr 28No longer forecast to breakevenThe 3 analysts covering Lake Resources no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$34.0m in 2025. New consensus forecast suggests the company will make a loss of AU$39.9m in 2025.
Price Target Changed • Apr 28Price target decreased by 8.0% to AU$2.30Down from AU$2.50, the current price target is an average from 5 analysts. New target price is 449% above last closing price of AU$0.42. Stock is down 78% over the past year. The company is forecast to post a net loss per share of AU$0.01 next year compared to a net loss per share of AU$0.0051 last year.
Breakeven Date Change • Apr 19No longer forecast to breakevenThe 4 analysts covering Lake Resources no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$34.0m in 2025. New consensus forecast suggests the company will make a loss of AU$4.95m in 2025.
Price Target Changed • Apr 19Price target decreased by 8.0% to AU$2.30Down from AU$2.50, the current price target is an average from 5 analysts. New target price is 365% above last closing price of AU$0.49. Stock is down 78% over the past year. The company is forecast to post a net loss per share of AU$0.01 next year compared to a net loss per share of AU$0.0051 last year.
Price Target Changed • Apr 05Price target increased by 9.6% to AU$2.50Up from AU$2.28, the current price target is an average from 5 analysts. New target price is 427% above last closing price of AU$0.47. Stock is down 77% over the past year. The company is forecast to post a net loss per share of AU$0.0097 next year compared to a net loss per share of AU$0.0051 last year.
Recent Insider Transactions • Mar 26Insider recently sold AU$3.6m worth of stockOn the 23rd of March, Ainsley Williams sold around 7m shares on-market at roughly AU$0.49 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$6.9m more than they bought in the last 12 months.
分析記事 • Mar 16Here's Why We're Watching Lake Resources' (ASX:LKE) Cash Burn SituationEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
お知らせ • Feb 01Lake Resources NL Appoints Gentry Brann as Its First Chief People and Administration OfficerLake Resources NL announced the appointment of Gentry Brann as its first Chief People and Administration Officer, effective immediately. Ms. Brann will lead the Company's Human Resources functions, as well as advancing diversity and inclusion as the company expands. Ms. Brann has over 25 years of experience leading HR and Communications functions. Ms. Brann joins Lake from McDermott, where she led the company's strategic focus on inclusion and diversity, as well as human resources, communications and marketing, real estate and facilities, and global travel. Ms.Brann joined McDermott from CB&I in 2018, where she served as Senior Vice President of Communications and Brand Management. Prior to CB&I's acquisition of The Shaw Group, she served as Vice President of Investor Relations and Corporate Communications for Shaw. Ms. Brann also held various roles at ICF International, ALSAC/St. Jude Children's Research Hospital and Archer Malmo Advertising and Public Relations Agency. Ms. Brann holds an MBA from Duke University's Fuqua School of Business and a bachelor's degree from Louisiana State University. She is also a graduate of the Advanced Leadership Program at Rice University's Jones School of Business. Ms. Brann's appointment adds to other key appointments, including Howard Atkins, Cheemin Bo-Linn and Ana Gomez Chapman to the board, and, most recently, Amalia Sáenz as Vice President, Argentina Corporate Affairs.
Price Target Changed • Jan 12Price target decreased to AU$2.25Down from AU$2.50, the current price target is an average from 5 analysts. New target price is 161% above last closing price of AU$0.86. Stock is down 13% over the past year. The company is forecast to post a net loss per share of AU$0.0098 next year compared to a net loss per share of AU$0.0051 last year.
お知らせ • Jan 10Lake Resources NL and Lilac Solutions, Inc. Announce On-Time Achievement of Key Milestones for Project KachiLake Resources NL and its direct lithium extraction technology partner, Lilac Solutions announced the on-time achievement of key milestones for Project Kachi. Project Kachi is a world-class lithium development project that is poised to lead the industry in the production of high-quality lithium with a minimal environmental footprint. As outlined in the agreement between Lilac and Lake, Lilac has successfully operated the Demonstration Plant for 1,000 consecutive hours and produced 40,000 litres of lithium chloride eluate before December 31, 2022, and therefore has met all key testing milestones in accordance with the agreed timeline. The lithium chloride eluate produced by Lilac is in the process of being shipped to Saltworks and converted to lithium carbonate, after which it will be independently tested for purity. Lake CEO and Managing Director David Dickson said the achievement of these milestones demonstrated the significant promise of Project Kachi.
お知らせ • Jan 05Lake Resources Announces Executive and Board ChangesLake Resources NL announced the appointment of Mark Anning as Head of Legal, Australia and Company Secretary. Additionally, as previously announced when assuming the role of Executive Chairman in June 2022, Stu Crow has now transitioned to the role of non-executive chairman of the Board of Directors. The appointment of Mark Anning as Head of Legal, Australia and Company Secretary, will be effective January 9, 2023. From that date Mr. Peter Nielsen will step down as Company Secretary and will remain the Chief Financial Officer of Lake Resources. Mr. Anning has practiced at Partner level in private practice, and in-house at CEO and Chair direct report level for several ASX and NASDAQ listed companies. Mr. Anning's 30 years in legal and corporate practice has seen him specialise in corporate and commercial law, dispute resolution, risk management, and corporate governance. Mr. Anning is a Chartered Secretary and holds the qualifications of Bachelor of Commerce and LLB (Hons) from the University of Queensland and a Graduate Diploma in Applied Corporate Governance. Mr. Anning is a Fellow of the Governance Institute of Australia and is admitted to practice in all Commonwealth Courts and the Supreme Courts of Queensland and Victoria. Stu Crow's transition from his role of Executive Chairman is occurring in accordance with the timetable laid out at the time of his appointment in June 2022. Mr. Crow was appointed Executive Chairman to oversee the designation of a new CEO, recruit additional board members, and establish US offices. He will remain non-executive chairman of the Board of Directors.
お知らせ • Jan 03Lake Resources NL Appoints Ana Gomez Chapman as DirectorLake Resources NL announced the appointment of Ana Gomez Chapman as Director of the company. Date of appointment is 1 January 2023.
お知らせ • Dec 13Lake Resources NL Announces Board ChangesLake Resources NL announced the appointment of Ms. Ana Gomez Chapman to its Board, effective January 1, 2023. Ms. Chapman is a financial services executive and board director with over 25 years of investment management, capital markets and business leadership experience. She has worked and lived across the U.S., Europe, Latin America and Asia Pacific. Ms. Chapman previously served on the Board of Directors of MP materials, a US-based sustainable rare earth production and refining company where she steered the company through an operational turn-around that led to a New York Stock Exchange listing. She has also served on the Advisory Board of investment software company Backstop Solutions Group. Ms. Chapman is a capital markets expert who has held senior roles at institutional investment firms including Hamilton Lane, where she currently serves as a Managing Director. She previously was Senior Relationship Manager and Alternatives Lead at Allianz Global Investors, President of JHL Capital Group LLC, and Vice President at Goldman Sachs in their Latin American, Asian and US equities businesses. Ms. Chapman holds a Bachelor of Science in Civil and Environmental Engineering from Cornell University and an MBA from Columbia Business School. Ms. Chapman's appointment follows the board appointments of Mr. Howard Atkins and Dr. Cheemin Bo-Linn, announced earlier this week. Mr. David Dickson assumed the role of CEO and Managing Director in September 2022. Mr. Dickson is an industry leader with over 30 years' experience in engineering, construction, and EPC cost management, across the energy sector. He has a proven track record in successfully delivering multibillion dollar resource projects. Ms. Chapman will be issued 238,500 Restricted Stock Units that vest one year after appointment (1 January 2024). Shareholder approval will not be sought for the issue of the Restricted Stock Unit (or their exercise) as Ms. Chapman was not a director of Lake at the time of the negotiations and had no influence over the decision to issue the Restricted Stock Units.
Board Change • Dec 11Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Amalia Saenz was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Dec 07+ 2 more updatesLake Resources NL Announces the Appointment of Dr. Cheemin Bo-Linn to the BoardLake Resources NL announced the appointment of Dr. Cheemin Bo-Linn to the board of Lake Resources, effective December 5, 2022. This is a key appointment to strengthen and broaden the experience of the Lake Resources board and build the business for the long term. Dr. Bo-Linn is an accomplished CEO, former Fortune 100 operations executive, and board director with over 25 years of governance expertise at private organizations and public companies across the Americas and Europe. Her board leadership experience at public companies includes her appointment as Lead Independent Director, Chair of every major committee (Audit, Compensation, Nomination/Governance), Chair of Sustainability/ESG, and Chair of the Technology and Cybersecurity committees. Her related current board service includes Flux Power, a leading developer and manufacturer of advanced sustainable lithium-ion energy storage solutions for industrial mobility fleets. Until recently, Dr. Bo-Linn was CEO of Peritus Partners, a valuation accelerator which also provided consulting and operations expertise in software (SaaS), IoT, mobile, and digital (analytics, marketing, e-commerce, supply chain, and cybersecurity). Previously, during her 20+ years in senior IBM executive roles, she led global teams as IBM's VP of Industrial Sector/Electronics, responsible for IBM's software, semiconductor chips, storage, and consulting services.
お知らせ • Nov 29Lake Resources NL Announces Retirement of Nicholas Lindsay as DirectorLake Resources NL announced that Dr. Nicholas Lindsay has retired as a director of the Company with effect 28 November 2022. Nick has been a director of the Company since 2017, initially as a non-executive director, then executive director technical, and more recently as a non -executive Director.
お知らせ • Nov 21Lake Resources NL Provides Update on Kachi ProjectLake Resources NL advised that a contract amendment has been signed to resolve the dispute between Lilac Solutions and Lake Resources. This amendment allows the teams to reset the relationship and jointly focus on delivery of the world class Kachi Project which will lead the industry in terms of high-quality Lithium produced with a minimal environmental footprint. In resolving the dispute, Lake and Lilac have agreed to an amended timeline which both are confident can be achieved; as before, Lake will have certain buy back rights if Lilac does not meet agreed testing criteria in a timely manner. Lilac and Lake continue work at the Kachi Project Demonstration Plant, with performance of the plant in line with expectations. The Demonstration Plant has now produced more than 15% of the total Demonstration Plant forecast output in the short period since the Plant came online this quarter. 20,000 litres of LiCl have been produced to date and ongoing production is proceeding, consistent with the Demonstration Plant's planned operational schedule. The Demonstration Plant is currently operating continuously at 90% of steady state capacity, volume, and production. Hatch Ltd. engineering personnel will travel to Argentina to observe and validate the operations of demonstration plant in steady state in coming weeks. The Kachi Demonstration Plant continues to produce in-spec LiCl solution between 1900 and 3800 mg/L. Previous testing on Kachi brines at Lilac's California headquarters Oakland delivered 1400-2354mg/L. Lilac Solutions is preparing samples for shipment to Saltworks and Lilac's facility in Oakland CA for conversion into Lithium Carbonate.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Amalia Saenz was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 02Lake Resources NL Provides an Update on Progress At the Kachi Project Lithium Processing Demonstration PlantLake Resources NL provided an update on progress at the Kachi project lithium processing demonstration plant. Completion of construction of the demonstration plant on site and the wet and dry commissioning process took place during September and October. The demonstration plant is now processing Kachi brines with final optimisation of the process now nearing completion. Lilac Solutions Executive Vice President, Bart Packer, has been on site at Kachi to oversee the final adjustments to the plant to ensure optimisation of processes prior to continual processing getting underway. Lake proposes that this final lithium product will then be qualified by a tier one battery maker to vali date product specifications.
お知らせ • Oct 18Lake Resources NL Appoints Scott Munro as Senior Vice President Technology, Strategy and RiskLake Resources NL has appointed Mr. Scott Munro to the newly created position of Senior Vice President Technology, Strategy and Risk. This is a key appointment to strengthen and broaden the experience of the Lake Resources management team and build the business for the long term. Mr. Munro has significant experience and skills in strategic partnerships, corporate strategic planning, and technology development. In addition, Mr. Munro has experience of creating new business units and growing them rapidly to deliver large-scale industrial developments. Mr. Munro has overseen the successful delivery of large-scale industrial projects in international markets and has broad experience including general management, strategic planning, partnership development and overseeing technology development. His prior roles included Corporate Development Officer at McDermott International with responsibility for Strategy Development following a period as Business Unit leader for the company's Americas, Europe, and Africa (AEA) Business Unit and overseeing its re-entry into these geographical areas. In addition to these primary roles Mr. Munro also sat on the board of directors of the McDermott /Baker Hughes Joint Venture consultancy company, io consulting, and the Low Carbon Technology development business NETPower as it moved through Pilot plant delivery.
お知らせ • Oct 14Lake Resources NL announced that it expects to receive funding from SK on Co., Ltd.Lake Resources NL announced a private placement of October 12, 2022. The transaction will include participation from new investor SK on Co., Ltd.. for 10% stake in the company. The shares will have an issue price based on a 20 trading-day VWAP prior to the date on which Lake makes a public announcement of the Conditional Framework Agreement.
お知らせ • Oct 04+ 1 more updateLake Resources NL, Annual General Meeting, Nov 29, 2022Lake Resources NL, Annual General Meeting, Nov 29, 2022.
お知らせ • Sep 19Lake Resources NL Updates Kachi Demonstration Plant ActivityLake Resources NL (Lake) advised that work proceeds with Lilac Solutions Inc. (Lilac) on site at the Kachi Project in Argentina, with commissioning now underway on the demonstration plant. Whilst on 14 September 2022 Lake issued a Notice of Dispute under its agreement with Lilac, in respect of certain performance timelines (Dispute), Lake wishes to advise that ongoing work is being done by Lilac at the Kachi Project and all parties are confident on-site operations will be successful. Lake confirms that construction of the facility to house the Lilac demonstration plant is now complete. Dry commissioning of the demonstration plant commenced on Wednesday September 14. Lilac has advised Lake that, subject to completion of dry commissioning, it expects to begin wet commissioning of the plant on September 22; once wet commissioning is complete, Lilac expects to begin on-site processing of Kachi brines in the first week of October. Whilst the test program is based on operating the demonstration plant for 1,000 hours it is anticipated that the first 2,000 litres of lithium concentrate produced from the demonstration plant will be sent for conversion into Lithium Carbonate once delivered. Lake proposes that this final Lithium product will then be qualified by a tier 1 battery maker to validate product specifications. Lake will continue to update the market on the Kachi Project, the Dispute, and, as the demonstration test work continues, on the progress, the timelines, milestones and outcomes. Lake confirms offtake discussions continue to advance and new appointments to the Lake board are in final stages of consideration.
Breakeven Date Change • Sep 13Forecast breakeven date pushed back to 2025The analyst covering Lake Resources previously expected the company to break even in 2024. New forecast suggests the company will make a profit of AU$34.0m in 2025. Average annual earnings growth of 97% is required to achieve expected profit on schedule.
お知らせ • Sep 07Lake Resources NL Appoints David Dickson as CEOLake Resources NL announced the appointment of Mr. David Dickson to the role of CEO. Mr. Dickson is an industry leader with over 30 years' experience in process technology, engineering, construction, and EPC cost management, across the energy sector. He has a proven track record in successfully delivering multibillion dollar resource projects. Mr. Dickson's expertise will support Lake's rapid growth and its mission to become a leader in the supply of responsibly sourced, environmentally friendly, and cost competitive high-purity lithium. Mr. Dickson is currently a Senior Advisor to Private Equity firm, Quantum Energy Partners, the leading global provider of private capital to the responsibly sourced energy and energy transition & decarbonization sectors and an Executive Strategic Advisor to strategic investment firm, The Chatterjee Group. He spent over seven years as CEO of global engineering and construction firm McDermott International, leaving in 2021. At the outset of his tenure, McDermott employed approximately 14,000 people and operated in 20 countries. Mr. Dickson built a strong leadership team, steered the company into profitable new markets and struck deals with key customers, such as Saudi Aramco. He oversaw McDermott's merger with CB&I and ultimately grew the business to over 30,000 employees across 54 international markets. Prior to McDermott he was previously President of Technip USA, overseeing marketing and operations in North, Central, and South America. He was also appointed to the board of the US National Safety Council, and a member of the World Hydrogen Council.
分析記事 • Sep 02Lake Resources (ASX:LKE) Is In A Good Position To Deliver On Growth PlansEven when a business is losing money, it's possible for shareholders to make money if they buy a good business at the...
お知らせ • Aug 19Lake Resources Appoints Sean Miller as Corporate Development OfficerLake Resources has appointed an experienced mining company commercial executive Mr. Sean Miller to the newly created position of Corporate Development Officer to fast-track development activity across Lake's three brine projects in the Jujuy Province of Argentina - Cauchari, Olaroz and Paso. Mr. Miller has significant experience and skills in project execution, supply chains, contracts and procurement, and project optimisation. He has broad experience including general management, strategic planning, supply chain, finance, legal, information technology, sustainable development and human resources in both greenfield projects and brownfield sites.
お知らせ • Jun 21Lake Appoints Stu Crow as Executive ChairmanLake Resources NL announced that as part of the transition to serve critical North American and Asian supply chains Chairman Stu Crow will be appointed executive chairman to oversee the transition for a period of six months. As part of this transition to North America current Managing Director Steve Promnitz will depart after establishing Lake's dominant position in Argentina.
分析記事 • May 19Lake Resources (ASX:LKE) Is In A Good Position To Deliver On Growth PlansWe can readily understand why investors are attracted to unprofitable companies. For example, Lake Resources ( ASX:LKE...
Price Target Changed • Apr 27Price target increased to AU$2.43Up from AU$1.88, the current price target is an average from 4 analysts. New target price is 24% above last closing price of AU$1.96. Stock is up 543% over the past year. The company is forecast to post a net loss per share of AU$0.006 next year compared to a net loss per share of AU$0.0035 last year.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Non-Executive Director Amalia Saenz was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Apr 15Technical Director & Executive Director recently sold AU$664k worth of stockOn the 13th of April, Nicholas Lindsay sold around 350k shares on-market at roughly AU$1.90 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$4.4m more than they bought in the last 12 months.
Breakeven Date Change • Apr 11No longer forecast to breakevenThe 3 analysts covering Lake Resources no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of AU$9.60m in 2024. New consensus forecast suggests the company will make a loss of AU$53.9m in 2024.
Price Target Changed • Mar 30Price target increased to AU$1.88Up from AU$1.67, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of AU$1.95. Stock is up 481% over the past year. The company is forecast to post a net loss per share of AU$0.0065 next year compared to a net loss per share of AU$0.0035 last year.
お知らせ • Mar 04Lilac Demonstration Plant Being Delivered to Kachi ProjectLake Resources NL confirmed the modular demonstration plant designed and built by the engineering team at Lilac Solutions Inc, has been dispatched from California USA to the Kachi Project in Argentina. Lilac Solutions, Lake's technical partner, has assembled the ion exchange modules and supporting equipment for the demonstration plant within five 40 ft (12m) shipping containers. The modular design allows for a "plug and play" approach, once brine feed, power and reagents are connected. The demonstration plant will operate for around 3 to 4 months to produce lithium chloride (eluate) representing 2.5 tonnes of lithium carbonate. This will be converted into high purity battery quality lithium carbonate for potential offtakers and battery qualification later in the year. The demonstration plant operations on site will also inform final engineering design prior to construction of the commercial-scale project. Meanwhile, test work at Lilac Solutions' facility in California continues to produce the data required for the Definitive Feasibility Study and lithium carbonation testwork continues at Hazen Research in Colorado.
Price Target Changed • Mar 01Price target increased to AU$1.67Up from AU$1.55, the current price target is an average from 4 analysts. New target price is 85% above last closing price of AU$0.91. Stock is up 123% over the past year. The company is forecast to post a net loss per share of AU$0.0065 next year compared to a net loss per share of AU$0.0035 last year.
Breakeven Date Change • Feb 18Forecast to breakeven in 2024The 4 analysts covering Lake Resources expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$9.60m in 2024. Average annual earnings growth of 82% is required to achieve expected profit on schedule.
お知らせ • Feb 15Lake Resources NL Announces Expansion Strategy to Fast-Track Lithium Projects InitiatedLake Resources NL is bringing forward a $15 million program across its three 100 % owned projects - Olaroz, Cauchari and Paso - for drilling and brine testing to fast- track these projects into feasibility studies in the TARGET 100 Program. Lake has initiated an expansion and integration strategy to fast-track its portfolio of assets in Argentina to deliver the TARGET 100 Program being the aspirational goal to produce annually 100,000 tonnes of high purity lithium to market by 2030. A separate exploration and testing team dedicated to rapid development across Lake's three other brine projects in Argentina will be utilising the comprehensive data set developed during the Kachi project's direct extraction processing test work. The drilling program has started with the first rotary well of a 4,000m 10-hole program, in the northern areas of the Olaroz leases, which cover a 30km long area on the eastern side of established lithium producers. These projects are located in Jujuy province, in the north-west of Argentina, close to the Allkem (Orocobre) Olaroz operation and the Lithium Americas Ganfeng JV Cauchari project. The drill wells are designed to quickly quantify brines identified, develop the aquifers, and conduct pumping tests and provide data for initial feasibility studies. Rotary wells will be followed later by diamond holes. Brines will be sampled and tested with environmentally friendly direct lithium extraction method, similar to previous work conducted on Kachi project lithium brines.
分析記事 • Jan 31Lake Resources (ASX:LKE) Is In A Strong Position To Grow Its BusinessWe can readily understand why investors are attracted to unprofitable companies. By way of example, Lake Resources...
Recent Insider Transactions • Dec 31Non-Executive Chairman recently sold AU$3.0m worth of stockOn the 24th of December, Geoffrey Crow sold around 3m shares on-market at roughly AU$0.90 per share. This was the largest sale by an insider in the last 3 months. This was Geoffrey's only on-market trade for the last 12 months.
Recent Insider Transactions • Nov 14Technical Director & Executive Director recently sold AU$637k worth of stockOn the 9th of November, Nicholas Lindsay sold around 600k shares on-market at roughly AU$1.06 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$704k more than they bought in the last 12 months.
分析記事 • Oct 18Companies Like Lake Resources (ASX:LKE) Can Afford To Invest In GrowthJust because a business does not make any money, does not mean that the stock will go down. For example, Lake Resources...
お知らせ • Sep 29Lake Resources NL Provides Update on its Kachi Lithium ProjectLake Resources NL continues to demonstrate financial support for its Kachi Lithium Project, after receiving a formal Letter of Interest (LOI) from Canada's official Export Credit Agency (ECA), Export Development Canada (EDC). EDC's LOI does not increase the level of potential project finance available from Export Credit Agencies for the project but does increases sourcing flexibility, greater access to low-cost direct lending and reflects additional confidence around shared financing for a robust project. LKE has also received an expression of interest from UKEF. It is planned to have EDC's participation to run alongside UKEF as the lead ECA, under a Common Terms Agreement to cover approximately 70% of the total Kachi project funding requirements, subject to standard project finance conditions.
Recent Insider Transactions Derivative • Aug 06MD & Director exercised options to buy AU$3.3m worth of stock.On the 2nd of August, Stephen Promnitz exercised options to buy 5m shares at a strike price of around AU$0.09, costing a total of AU$450k. This transaction amounted to 80% of their direct individual holding at the time of the trade. Since September 2020, Stephen's direct individual holding has decreased from 16.63m shares to 13.83m. Company insiders have collectively bought AU$1.3m more than they sold, via options and on-market transactions, in the last 12 months.
お知らせ • May 19Lake Resources NL Announces Drilling ResultsClean lithium developer Lake Resources NL is expanding drilling and testing beyond that required for the Definitive Feasibility Study (DFS) at the Company's Kachi Lithium Brine Project, Argentina amid strong demand for its high purity, sustainably produced product. The aim is to accelerate the conversion of Inferred Resources to Measured and Indicated (M&I) Resources, to allow for an expansion beyond the 25,500 tonnes per annum (tpa) lithium carbonate planned in the DFS. The current drilling seeks to convert resources to reserves as part of the DFS work. Initially a diamond drill program of four wells from four platforms for 1,600m will be conducted, together with brine and sediment sampling and pump testing to refine the resource estimations for a conversion to reserves, with economic assumptions. Drilling will commence within approximately two weeks, following COVID-19 controls and procedures. The Kachi Project covers 74,000 ha of leases over a salt-lake south of Livent's lithium operation in Argentina, with a large indicated and inferred resource of 4.4 Mt LCE (Indicated 1.0Mt, Inferred 3.4Mt). Less than 20% of the current total resource is utilised for the planned 25,500 tpa lithium carbonate production over 25 years. Infill drilling should assist the conversion of resources to a higher category with increased data. Subsequently, a program involving the drilling of four additional production wells is also planned to support increased production. Lake aims to sustainably produce the cleanest quality lithium carbonate at scale, with demand rapidly increasing for battery materials for use in the fast-growing battery market as the adoption of electric vehicles accelerates globally. This is evidenced by recent moves by major automakers such as Volkswagen, BMW, General Motors and others, which are investing billions of dollars in EV production and batteries.
