re: Diving deeper on Standard Lithium?

Posted on 2/8/24 at 10:28 am to jamiegla1

Posted by Drunken Crawfish

Member since Apr 2017

3824 posts

Posted on 2/8/24 at 10:28 am to jamiegla1

Q2 report for FY24 released today.

Hadn't had time to look, but I share Mintak's optimism:

quote:
"In 2023, the lithium sector has been under pressure, with lithium prices experiencing a significant decrease from the all-time highs seen in 2022, a situation compounded by the prevailing interest rate environment and other macroeconomic factors," says Robert Mintak, CEO and Director of Standard Lithium. "Despite the industry-wide market challenge, the long-term fundamentals for lithium continue to be strong, particularly for projects situated in geopolitically stable regions such as the United States, where policy support and other key strategic advantages are enabling for project differentiation.

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Posted by Elusiveporpi

Below I-10

Member since Feb 2011

2576 posts

Posted on 2/8/24 at 10:38 am to Drunken Crawfish

quote:
Cash and equivalents and working capital of Ca$15.8 million and Ca$5.7 million, respectively, as of second fiscal quarter end, and in combination with the prudent and strategic use of our at-the-market offering program as a tool to fund any short term financing needs, are expected to sustain the Company through the 2024 fiscal year.

Getting low on funds................ If the plant wouldnt be built and profitable until 2026, where does the money come from to spand the 2 years.

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