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re: Diving deeper on Standard Lithium?
Posted on 12/4/23 at 12:08 am to ev247
Posted on 12/4/23 at 12:08 am to ev247
Standard Lithium Provides Update on Phase 1A Commercialization Progress, Announces Engagement of Citi for Strategic Financing and Partnerships
"The Company has engaged Citi to facilitate strategic financing and partnership options for the Phase 1A Project, as well as for advancing the broader South West Arkansas project and the Company’s initiatives in East Texas."
"In line with its strategic focus on core operations, LANXESS Corporation (“LANXESS”) has communicated its plans to commercialize its role in the Phase 1A Project alongside Standard Lithium. The cooperative framework is to include a brine supply and disposal agreement, a lease agreement for the production facility site, and the provisioning of certain infrastructure services."
"With the Phase 1A Project’s ownership and operational structure now clearly defined, Standard Lithium is well-placed to optimize project partnerships and structure off-take agreements that capture the full potential value of the project. With this increased clarity, supported by Citi for strategic financing and partnerships and BNP Paribas for debt financing and off-take negotiations, the Company is now positioned to accelerate project development and execute on its strategy to unlock the full potential of its Smackover resources."
Pretty good job by Lanxess, and now SLI, in framing Lanxess' opt out as a sort of soft cooperation.
For the corporate-financely ignorant, what is Citi's role in Phase 1A?
"The Company has engaged Citi to facilitate strategic financing and partnership options for the Phase 1A Project, as well as for advancing the broader South West Arkansas project and the Company’s initiatives in East Texas."
"In line with its strategic focus on core operations, LANXESS Corporation (“LANXESS”) has communicated its plans to commercialize its role in the Phase 1A Project alongside Standard Lithium. The cooperative framework is to include a brine supply and disposal agreement, a lease agreement for the production facility site, and the provisioning of certain infrastructure services."
"With the Phase 1A Project’s ownership and operational structure now clearly defined, Standard Lithium is well-placed to optimize project partnerships and structure off-take agreements that capture the full potential value of the project. With this increased clarity, supported by Citi for strategic financing and partnerships and BNP Paribas for debt financing and off-take negotiations, the Company is now positioned to accelerate project development and execute on its strategy to unlock the full potential of its Smackover resources."
Pretty good job by Lanxess, and now SLI, in framing Lanxess' opt out as a sort of soft cooperation.
For the corporate-financely ignorant, what is Citi's role in Phase 1A?
This post was edited on 12/4/23 at 12:39 am
1
Posted on 12/4/23 at 2:39 am to ev247
Maybe it's a goodwill kinda thing with Lanxess?
Lanxess can't afford to shell out any money now, but won't stand in the way of giving up the brinewater and land. In exchange they have a handshake agreement to get in later, if their circumstances improve?
Idk. Just spitballing and trying to make sense of something that doesn't make sense.
Lanxess can't afford to shell out any money now, but won't stand in the way of giving up the brinewater and land. In exchange they have a handshake agreement to get in later, if their circumstances improve?
Idk. Just spitballing and trying to make sense of something that doesn't make sense.
Posted on 12/4/23 at 8:55 am to KCRoyalBlue
quote:
Idk. Just spitballing and trying to make sense of something that doesn't make sense.
Nah, I think Lanxess is totally out. This other info that they have 'agreed to' or 'decided to participate in' is just lagniappe and fluff that was already decided.
Lanxess didn't have a choice in supplying the brine, they were already contractually obligated to do so. Same with leasing out the space I believe. I think SLI and Lanxess just worked together to make this PR look as 'positive' as possible for both. Even though the reality is, all these PR's mean is that Lanxess declined their option to participate. Which makes sense, it's what we expected to happen. Hopefully the market doesn't punish us too much before the next PR.
PS - that's a huge wolf.
Posted on 12/4/23 at 9:02 am to Fe_Mike
quote:
I think Lanxess is totally out
I agree. It just looks like Lanxess is taking a bit of money for services, brine and lease and leaving it at that. That's good overall leaving SLI free to link up with healthier partners or other options.
Sure wish they could get some of that government grant money, but given the fact that a lot of money was going for EV chargers and none have been installed, I wonder how much of that money will ever leak out of the bureaucracy.
Posted on 12/4/23 at 9:18 am to Auburn1968
Should we be expecting a royalty/demo plant PR after hours today?
Posted on 12/4/23 at 9:37 am to Beerinthepocket
The hearing is tomorrow. Hopefully the royalty issue isn’t pushed back to its own special hearing.
ETA Our last AOGC hearing was on 9/26 and the order wasn’t issued until 3 weeks later on 10/17, as a heads up.
ETA Our last AOGC hearing was on 9/26 and the order wasn’t issued until 3 weeks later on 10/17, as a heads up.
This post was edited on 12/4/23 at 9:51 am
Posted on 12/4/23 at 10:09 am to ev247
Buying today these are my lowest current shares.
Posted on 12/4/23 at 12:38 pm to Wraytex
So are we assuming Citi is the “household US name”? Or is it just a financial partnership? Because I remember recently SLI partnered with BNP for advising future debt ventures. What does Citigroup bring to the table?
Posted on 12/4/23 at 12:59 pm to CecilShortsHisPants
That’s exactly my thoughts.. Citigroup wouldn’t be involved in an equity partnership, nor would they be providing any expertise to that field other than financial matters.
I’d like a little clarity on what Citi is bringing to the table that BNP isn’t.
I’d like a little clarity on what Citi is bringing to the table that BNP isn’t.
Posted on 12/4/23 at 1:21 pm to Shepherd88
My guess is that Citi will facilitate the equity offering (dilution). I read something when the $50M equity offering was filed that banks etc are involved in carrying that sort of thing out.
Still not sure why Citi and Phase 1A were mentioned together here. Maybe banks also facilitate partnerships between a SLI and Albemarle etc somehow?
I’m just taking up space on this. Hopefully someone with understanding will chime in
Still not sure why Citi and Phase 1A were mentioned together here. Maybe banks also facilitate partnerships between a SLI and Albemarle etc somehow?
I’m just taking up space on this. Hopefully someone with understanding will chime in
Posted on 12/4/23 at 2:55 pm to Chucktown_Badger
quote:
Holding...
Good time to dust this thread off. After all of you're trash talk about other poster's trades, how'd this one work out for you, bud?
Posted on 12/4/23 at 3:13 pm to Fe_Mike
quote:
Hopefully the market doesn't punish us too much before the next PR.
I dunno sli just slam dunked the next pr with the announcement for more conferences they are participating in. Can't think of a better PR piece.
Posted on 12/4/23 at 4:02 pm to Puffoluffagus
Oh man !! I thought they were beyond the stage of participating in investor conferences, and more at the stage of negotiating with parties lined up..
Guess not !!
Guess not !!
Posted on 12/4/23 at 8:58 pm to gautamj
Do we see sun 2 dollars again??
Posted on 12/4/23 at 9:06 pm to ev247
quote:
Still not sure why Citi and Phase 1A were mentioned together here. Maybe banks also facilitate partnerships between a SLI and Albemarle etc somehow?
Having lived through this once before, a Citi or a Goldman-Sachs only comes in as either a mezzanine prior to IPO (which SLI has already done obviously) or if they believe they can broker a strategic investor into the deal for a public or private company.
The art for us is in the terms of whatever deal they broker. They make money on the transaction, not the actual deal. Should be interesting.
Posted on 12/5/23 at 8:25 am to Puffoluffagus
quote:
I dunno sli just slam dunked the next pr with the announcement for more conferences they are participating in. Can't think of a better PR piece.
Too much talk fest and not enough action. I'd rather have a weekly independently verified report on lithium production from the pilot plant to put some solid sand in the craw.
Posted on 12/5/23 at 9:09 am to Auburn1968
Posted on 12/5/23 at 9:13 am to Breesus
Well, it was a fun ride. Finally completely exited today. Would I invest today at $2.10? No. Okay, then sell.
Congrats to everyone who stayed in for the inevitable moon ride up without me.
Congrats to everyone who stayed in for the inevitable moon ride up without me.
Posted on 12/5/23 at 9:30 am to el Gaucho
quote:
This company is fake but I’m not selling til it gets closer to 3
So did you get out when it hit 3?
Posted on 12/5/23 at 9:34 am to boomtapp
What makes you think it’s a bad investment at $2.10 when the company is far closer to FID and commercial operations than it was when it was trading at $10? Seems like SLI is on the cusp of numerous developments (partnerships, offtake agreements, debt financing, a government grant, possibility of licensing DLE tech, FID, etc.) which seem highly likely to cause the price to go up.
Lithium prices are also depressed right now and unlikely to go lower, so even a partial retrace upward of lithium prices would have a positive effect on the stock price.
Lithium prices are also depressed right now and unlikely to go lower, so even a partial retrace upward of lithium prices would have a positive effect on the stock price.
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