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Lithium producer Lake Resources downplays short selling bonanza

Financial Times LogoFinancial Times1 mo ago

Lithium producer Lake Resources downplays short selling bonanza

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Lake Resources plans to extract lithium from brine in Argentina using new technology developed by Bill Gates-backed US group Lilac Solutions.

Crow, the Lake Resources chair, said the company was in the process of relocating its head office to Miami in the US, and was six months into a search for a new US-based chief executive.

He said Promnitz’s decision to sell his shares was a bad sign.“If I didn’t have faith in the company, I’d quit and sell my shares while the price was high,” the short seller said.


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Article Details

Author / Journalist: James Fernyhough

Category: MarketsFinanceInvesting

Topics: Cent Lithium Shares Resources Supply Last Lake Production Company Demand

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-27, 10:12:56

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 5 minutes read

Article Length: 765 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 15854

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 16 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #3

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