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re: Diving deeper on Standard Lithium?
Posted on 3/26/24 at 3:02 pm to Ballstein32
Posted on 3/26/24 at 3:02 pm to Ballstein32
leases are where their only tangible value is.
0
Posted on 3/27/24 at 9:44 am to ev247
quote:
Not great optics while we're almost broke (under $11M), unsure if royalty will crush us, and being diluted.
Anyone know how much dilution is going on?
Posted on 3/27/24 at 12:59 pm to Auburn1968
The 1.6m share dilution that happened up to 12/31/23 was made known in a form 6k in January. That 6k mentions being a quarterly update, so maybe we can expect another 6k in April to tell us how much they diluted between 1/24 and 3/24. If not, maybe we can deduce the dilution by comparing outstanding shares listed in upcoming May earnings to outstanding shares listed in Feb earnings ?
Posted on 3/27/24 at 3:10 pm to ev247
Huge volume today. Any new PR come out?
Posted on 3/27/24 at 3:41 pm to ev247
Hell of a time to dilute shares!
Posted on 3/27/24 at 5:52 pm to ColoradoAg03
Read that someone bought a million shares at close. No official news release
Posted on 3/27/24 at 7:03 pm to SeaPickle
Trying to sucker us in for some more losses are ya?
Posted on 3/27/24 at 7:19 pm to SeaPickle
quote:
Read that someone bought a million shares at close. No official news release
Or as Smack calls it, Wednesday.
Posted on 3/27/24 at 7:33 pm to Wraytex
quote:
Or as Smack calls it, Wednesday.
They're gonna have to step it up a few notches to get anymore from me!
Posted on 3/27/24 at 7:43 pm to GREENHEAD22
Nah, just reporting the Facebook group gossip.
Posted on 3/29/24 at 9:35 am to SmackoverHawg
quote:
They're gonna have to step it up a few notches to get anymore from me!
The stock is in the crapper and not even a splash of PR.
Posted on 3/30/24 at 12:37 am to Auburn1968
Selections have been made for Round 1 of the 48c tax credit (30% of project cost grant)
Gov can’t announce the projects chosen yet but the companies can.
Not sure they went for this one in the end but they were thinking about it at one point. It would be the lesser option in the long run but would probably give us a good short term pop.
Hopes are still tempered since they said in last earnings call that they expect grant decisions by end of summer so that may mean they’ve ruled this one out.
I’ll ask if they got it but they haven’t answered my last 2-3 inquiries so we probably just float on
Gov can’t announce the projects chosen yet but the companies can.
Not sure they went for this one in the end but they were thinking about it at one point. It would be the lesser option in the long run but would probably give us a good short term pop.
Hopes are still tempered since they said in last earnings call that they expect grant decisions by end of summer so that may mean they’ve ruled this one out.
I’ll ask if they got it but they haven’t answered my last 2-3 inquiries so we probably just float on
Posted on 4/3/24 at 8:29 am to ev247
Posted on 4/3/24 at 9:35 am to boogiewoogie1978
It all comes down to the Arkansas oil and gas commission decision on royalties
Posted on 4/3/24 at 9:43 am to Wraytex
On the one hand, IR has told me "[ev247], it is our current understanding that a decision is likely to be made regarding the royalty at the April AOGC meeting."
On the other hand, in December the commission wanted to see Standard's brine supply/infrastructure agreement with Lanxess. And as of Feb, negotiations with Lanxess were still ongoing.
So hopefully the commission has all it needs to make the decision here on the 23rd, but I still have a degree of reservation.
On the other hand, in December the commission wanted to see Standard's brine supply/infrastructure agreement with Lanxess. And as of Feb, negotiations with Lanxess were still ongoing.
So hopefully the commission has all it needs to make the decision here on the 23rd, but I still have a degree of reservation.
This post was edited on 4/3/24 at 10:16 am
Posted on 4/3/24 at 11:09 am to ev247
April 23rd meeting is in El Dorado. How strong do we think home field advantage is? Should we show up in face paint?
Posted on 4/3/24 at 11:26 am to Fe_Mike
quote:
April 23rd meeting is in El Dorado. How strong do we think home field advantage is? Should we show up in face paint?
Yes. In Silver-white. The color of lithium.
Posted on 4/3/24 at 11:35 am to Fe_Mike
Best worst case scenario, what are our leases worth and what does that equate to in a stock price?
Posted on 4/3/24 at 4:20 pm to Wraytex
They withdrew their royalty rate application. WTF. From an attorney here in Arkansas. Yeah I know I'm a new guy here but infrequently would check in. Rode it from the 0.55 days to the shite we have now. I think it's toast but at this point I'm gonna ride it to the depths of hell.
LITHIUM ROYALTY RATE REMAINS UNKNOWN IN ARKANSAS. Brine (saltwater) from the Smackover formation has been commercially produced for bromine extraction in south Arkansas for decades. In November 2018, the Arkansas Oil & Gas Commission (AOGC) approved the application of Great Lakes Chemical Corp. (now Lanxess) and Arkansas Lithium (subsidiary of Standard Lithium) to develop a pilot plant to test the commercial extraction of lithium from Smackover brine using DLE (direct lithium extraction) technology. Since May 2020, Standard Lithium has operated its DLE demonstration plant at Lanxess’s South Plant near El Dorado, Arkansas. Since that time, interest in using DLE technology to produce lithium chemicals from south Arkansas Smackover brine has sky-rocketed, with significant activity by ExxonMobil and Tetra Technologies, along with interest by Albemarle, which has an existing brine production facility near Magnolia. Last month, I reported on the status of the “lithium rush” in south Arkansas, and related legal topics, at the Arkansas Bar Association’s annual Natural Resources Law Institute in Hot Springs. One highly anticipated event is the setting of a royalty rate by the AOGC for commercial lithium extraction. Under the Arkansas Brine Act, when a brine production unit profitably produces a new commercial constituent (i.e., other than bromine) from the brine stream, the AOGC is charged with determining a fair and equitable royalty. Last October, Arkansas Lithium and Lanxess jointly requested a royalty rate be set by the AOGC, and a hearing was held in December 2023. The AOGC approved ongoing operation of the pilot plant but continued the hearing on royalty until the AOGC monthly meeting on April 23, 2024. In particular, the Commissioners expressed a need to know more about the financial agreement between Standard Lithium and Lanxess, which their witness testified was confidential. Last week, Arkansas Lithium and Lanxess withdrew their application to set a royalty rate without explanation. For now, the first-ever lithium royalty rate for a brine production unit in Arkansas remains a mystery.
LITHIUM ROYALTY RATE REMAINS UNKNOWN IN ARKANSAS. Brine (saltwater) from the Smackover formation has been commercially produced for bromine extraction in south Arkansas for decades. In November 2018, the Arkansas Oil & Gas Commission (AOGC) approved the application of Great Lakes Chemical Corp. (now Lanxess) and Arkansas Lithium (subsidiary of Standard Lithium) to develop a pilot plant to test the commercial extraction of lithium from Smackover brine using DLE (direct lithium extraction) technology. Since May 2020, Standard Lithium has operated its DLE demonstration plant at Lanxess’s South Plant near El Dorado, Arkansas. Since that time, interest in using DLE technology to produce lithium chemicals from south Arkansas Smackover brine has sky-rocketed, with significant activity by ExxonMobil and Tetra Technologies, along with interest by Albemarle, which has an existing brine production facility near Magnolia. Last month, I reported on the status of the “lithium rush” in south Arkansas, and related legal topics, at the Arkansas Bar Association’s annual Natural Resources Law Institute in Hot Springs. One highly anticipated event is the setting of a royalty rate by the AOGC for commercial lithium extraction. Under the Arkansas Brine Act, when a brine production unit profitably produces a new commercial constituent (i.e., other than bromine) from the brine stream, the AOGC is charged with determining a fair and equitable royalty. Last October, Arkansas Lithium and Lanxess jointly requested a royalty rate be set by the AOGC, and a hearing was held in December 2023. The AOGC approved ongoing operation of the pilot plant but continued the hearing on royalty until the AOGC monthly meeting on April 23, 2024. In particular, the Commissioners expressed a need to know more about the financial agreement between Standard Lithium and Lanxess, which their witness testified was confidential. Last week, Arkansas Lithium and Lanxess withdrew their application to set a royalty rate without explanation. For now, the first-ever lithium royalty rate for a brine production unit in Arkansas remains a mystery.
Posted on 4/3/24 at 4:50 pm to ArkyLi
Maybe SmackoverHawg was right that Exxon is offering closer to 10% royalty to landowners and have successfully torpedoed Lanxess Phase 1A project by doing so.
Is there a bullish case for withdrawing their royalty application? Like maybe some agreement being reached causing a fresh application?
Is there a bullish case for withdrawing their royalty application? Like maybe some agreement being reached causing a fresh application?
This post was edited on 4/3/24 at 4:54 pm
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