Opinion
Lithium play tanks 50pc in comical entry into ASX 200
Lake Resources’ calamitous first week as a top 200 ASX company is yet another demonstration of retail hubris and institutional apathy.
Jonathan ShapiroSenior reporterFor Lake Resources and its retail shareholder army, this should have been a week of triumph. The stock was earmarked for inclusion in the S&P/ASX 200 three weeks ago, and on Monday it officially made its debut in the big leagues.
But its first week in the top 200 has been marked by calamity as the stock has nearly halved in three brutal trading sessions. Most of that plunge appears to be entirely self-inflicted.
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