Lake Resources (LKE ASX) “Lake” is one of several lithium explorers planning to use an unproven direct lithium extraction (DLE) technology to remove lithium from brine. If Lake can get the DLE technology to work then it plans to build a $1 bln processing facility in a remote location in the Andes.Lake is claiming to produce “cleaner lithium.” We believe, however, DLE will still use large amounts of water and produce toxic waste. Lake has failed to get an operational pilot plant on site three years after promising it would. Lake insiders have successfully sold $8.1 mln in stock in the last year. Lake granted 41.5 mln options to financial institutions that published favorable research on the company. Insider share sales have followed a pattern of Lake announcement, followed by favorable research, stock price rise, and then insider sales. I

Nearmap’s H1 2021 report shows slowing growth across markets. Incremental new business contracted by 50% in North America and 32% in Australia and New Zealand. Meanwhile, despite a lot of bluster, the company confirmed the conclusions in our report of February 11 by failing to rebut allegations, including our assertions that revenue recognition is excessively aggressive and that Nearmap’s camera technology is both expensive and inefficient. We continue to believe that Nearmap cannot compete in North America. We now also believe that the company is losing share in Australia and New Zealand