LKE News: We're Hopeful That Lake Resources (ASX:LKE) Will Use Its Cash Wisely - 5th May 2022, 2:03pm

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We can readily understand why investors are attracted to unprofitable companies. By way of example, Lake Resources (ASX:LKE) has seen its share price rise 519% over the last year, delighting many shareholders. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed.

So notwithstanding the buoyant share price, we think it's well worth asking whether Lake Resources' cash burn is too risky. In this report, we will consider...

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