 In this video I'm going to talk about a cheap penny stock which I think could explode we'll go through the information why I think that this stock could do really well it's involved in a evolving growing and well hyper growth industry shall we say that's going to be growing over the next few months towards the years as well so we'll go through the information and why I think this stock is really good and some of the concerns as well okay you just to have that balanced approach but I've got to say I'm not a financial advisor I'm a business teacher in my daily life but I'm by no means an expert on the stock market and if you could leave a like on the video to get it right up into the YouTube search results when people search penny stocks our videos come up there at the top and this is what we want so thank you for all the support on the channel for anybody who's liking the video so that more people see the video which is really great so that helps to grow the channel towards that 10,000 subscribers so let's get right into the stock we're talking about today in this video the stock we're talking about is lake resources now who are they so they're involved in this particular area regarding cleaner lithium for an electric world so they say that the eb revolution accelerates lake resources is answering the call for high quality lithium based on game changing direct extraction technology our project is at the heart of the lithium triangle offering responsibly sourced battery grade supply so again as we see this growing EV industry as more people switch to electric cars there's going to be needing obviously electric batteries for that and with that there's going to be needing more lithium and this is what they do the good unique selling point about this particular company that's actually extracting lithium is that they're trying to do this through their technologies in a sustainable way which makes sense right i mean if they're involved in electric cars in terms of that particular area where you know kind of clean electric cars a lot better than diesel cars in that sense right clean clean cars then it's best to have the lithium there that is extracted in a way that's actually a sustainable as well and that kind of just adds towards that area there so this has got a lot of potential this lake resources and we'll go into further information but again this is a growing EV industry and there is going to need to be that lithium supply so moving into this so what do they do so they've got direct extraction that is clean and efficient okay efficient is important in terms of that they're able to extract a higher rate but also clean obviously in terms of the reputational and more companies that want to work with lake resources based upon the facts that they claim that they can do it in a much cleaner way so what have you got you got re-engineered and well-known technology and water treatment so we've got efficient so it's not just lithium removed from the from the brine they've got faster days not months or years so if they can if they can actually extract in terms of that and but it's been faster that could have a massive impact higher recoveries than evaporation high purity cost competitive with traditional methods scalable flexible to meet demand quickly environmentally friendly in terms of it being a small footprint and then you got returns on that as well so it's got some really good benefits here of how they're going about extracting lithium as part of lake resources now before we move on to some favorite information about this what could be an explosive penny stock i'm going to say please subscribe to the channel if you're new welcome welcome we cover many penny stocks and you know hit that notification bell so every time we release a new video and a penny stock does quite well then you get notified straight away of when that video comes out so subscribe turn on the notification bell and like the video as again so we can get it right into those set results i really do appreciate all that support moving on to the information so a bit of overview so what do they say lake resources a clean lithium developer utilizing clean energy direct extraction technology for the development of sustainable high purity lithium from its flagship catchy project as well as three of a lithium brine projects in argentina so they've got 40 percent of the world's lithium is produced at the lowest cost in terms of the prime location of that lake as the largest lithium leaseholding in argentina it's 2000 square there and a portfolio offers exposure to both brine and uh pegomattees and it's located in the proximity to some of the world's leading lithium producers okay so very interesting the facts that they've got these these areas here they've also looked at that they're demonstrating the use of clean technology together with the technology partners so what this means is that they're they're actually extracted extracting in a way that's cleaner so let's go into this because this is really important so the direct extraction process uses an adaptation of iron exchange technology used widely since the 1940s in the war treatment to reduce lithium processing costs and timelines significantly so the lithium recovery is usually below for 50 percent in terms of this the process but actually in contrast the innovative solution developed by california based uh offers a fast track production process okay which is really good to see and uh 99.9 percent purity there so it's done in what they claim to be in a more environmentally friendly way and then you've got this idea in terms of sustainability of that so it's committed to integrated sustainable development practices through its operations so these are in terms of reducing environmentally friendly impact and building a clean energy future as well so they're they're committed to that that's what they've said and it gives them a unique selling point and what they're doing there in terms of extracting this in a cleaner way now the benefits so what are the benefits of this stock so first of all it's got sustainable extraction of the lithium through its technologies which is is really important right in terms of we've gone through that so I won't keep talking about that then we've got the growing EV industry as I mentioned before about the facts that we're going to see more electric vehicles that are then going to have these batteries that then need lithium and this is one of these what you call maybe picks and shovels play in terms of investing in lithium-based companies because this is what's going to be needed right um many catalysts as well so for example they may have a completion of a lithium plant there may be some new studies that come out that actually benefit the company so I can see a lot of catalysts that could send this stock price up favor and favor which is really good to see on this particular penny stock my only concern is not is it just volatile it's extremely volatile this is a sub one dollar penny stock so it's even more volatile so you've got to be careful with this not to put a huge position in this stock but at the same time you know you've got to think and be prepared that this stock could easily be up 60% and then in a few days be down uh you know you'll be down in the red 20% because this is an extremely volatile penny stock you never know right but it does from looking at the charts it does have a good baseline of where the the stock can go and kind of a good run up a little bit but it's kind of got some good consolidation lines as well which is good to see in some support lines in that sense so it's good that it's got that so although it will have a bit of volatility I think that you know it's still okay in that sense so but it's one to look into the current price is at 0.24 and you notice that it's had a massive drop here it was at 0.45 almost and then it dropped down to this level here so it has had a massive drop which does present a potential buying opportunity but again it's important to do your own research because this stock could drop a favor 20% and you know by having that research there you know you're actually not going to sell at a loss because you believe in the company because you've done your own research and you're not going to panic sell so what I would say is look into this stock if you can get this anywhere between 0.15, 0.20 I think that's a buying opportunity I do think it's got the potential to run up 5x potentially in the future in terms of the longer term even 10x I mean look at American battery metals in terms of what they did and how much they've grown and then this is obviously involved in lithium you know creating lithium sustainable lithium right in terms of extracting it in that way so it's quite an interesting stock but again remember the volatility but you know this has got the potential to 5 to 10x I think in the long term to medium term meaning long term 3 to 5 years medium term 6 to 18 months I think that it could double fast in the short term as well so look into this and let us know what you think about the stock and also don't forget to subscribe to the channel if you're new hit the like and turn on the notifications and I'll see everybody in the next video