101% skyrocketing in one month! Is it still the right time to buy?

Lake Resources $Lake Resources NL(LKE.AU)$ signs a non-binding memorandum of understanding (MoU) agreement with Japan-based Hanwa Co Ltd covering offtake of up to 25,000 tonnes per annum (TPA) lithium carbonate for ten years.

Furthermore, the long-term offtake proposal, which has a minimum supply floor of 15,000 TPA and can be extended for a further decade, relates to Lake's flagship Kachi project in Argentina.

Lake says Hanwa intends to co-operate with Lake in marketing and distribution in the Asian market and co-ordinating a strategic and sustainable supply chain with potential customers in the battery industry.

Lake resource's share price has risen from 0.96 on March 1 to 1.96 today. Are you optimistic about Lake resource's development? Leave your comments below.