By Alex Langton | 16 March 2024
Elric has a financial interest in Lake Resources NL.
I am afraid you will have to put up with my spin on Lake Resources N.L.'s announcement of raising up to A$20 million through a combination of an institutional placement and a Share Purchase Plan (SPP) is an optimistic play in the grand theatre of resource financing. However, one might raise an eyebrow or two at the sufficiency of these funds to bring the Kachi project from the drawing board to commercial reality.
Before we discuss Lake