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re: Diving deeper on Standard Lithium?
Posted on 4/4/24 at 9:17 am to ev247
Posted on 4/4/24 at 9:17 am to ev247
Certainly a little unsettling.
If they are just making some changes to the application it represents in the least another significant delay.
They could just be shutting down shop.
Exxon could be buying them out.
They submitted it April 1st, could just be an April Fools joke on the AOGC.
So many totally viable scenarios.
If they are just making some changes to the application it represents in the least another significant delay.
They could just be shutting down shop.
Exxon could be buying them out.
They submitted it April 1st, could just be an April Fools joke on the AOGC.
So many totally viable scenarios.
3
Posted on 4/4/24 at 9:43 am to Fe_Mike
I am a little unclear on the leases, these are structured like traditional O&G leases correct? Deadlines on progress to production or the lease is voided?
If so the leases aren't worth anything and Exxon can just wait SLI out and pick them up when get forfeited due to lack of progress.
If so the leases aren't worth anything and Exxon can just wait SLI out and pick them up when get forfeited due to lack of progress.
This post was edited on 4/4/24 at 10:33 am
Posted on 4/4/24 at 10:20 am to Fe_Mike
quote:
They submitted it April 1st, could just be an April Fools joke on the AOGC.
Doubt that, the SEC would probably have their way with anyone involved.
Posted on 4/4/24 at 10:27 am to Fe_Mike
There are several viable scenarios but I'm struggling to find positives in any of them. Even an Exxon buyout, which earlier seemed like a decent option, looks pretty bleak with the stock price lingering around 52 week low and pre-uplist range.
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