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2
Posted on 4/3/24 at 10:35 pm to ev247
I don’t see what that bullish case could be. They churched it up like it was going to be 100% settled at the Li Summit.
It impacts all the producers so maybe they’ve pulled it to all go in together? They talked about the unique partnership with Lanxess leading to issues determining the royalty which would establish a base case for future leases. That was the hold up prior. Mintak and the brass from Tetra and Exxon met with the governor during the summit, I was there.
I’m running out of straws to grasp. Arkansas wants it badly, especially the gov.
It impacts all the producers so maybe they’ve pulled it to all go in together? They talked about the unique partnership with Lanxess leading to issues determining the royalty which would establish a base case for future leases. That was the hold up prior. Mintak and the brass from Tetra and Exxon met with the governor during the summit, I was there.
I’m running out of straws to grasp. Arkansas wants it badly, especially the gov.
Posted on 4/3/24 at 11:06 pm to ArkyLi
Yeah I specifically asked SLI IR in January if they were anticipating a decision in April, or if April just represents the earliest possible timeframe for such a decision. They said it was their current understanding that the decision was likely in April.
After watching and rewatching the December AOGC hearing I couldn't figure out how they would reconcile their desire to see SLI's agreements with Lanxess and SLI's desire to keep those agreements confidential. Maybe they didn't reconcile those?
Hope it isn't the bigger companies lobbying for a higher royalty than SLI can survive and that they just withdrew so all companies can consolidate an application like you said. I know SLI wanted Lanxess royalty to be unique due to lower lithium grade but last I read in some official comment from Exxon, Exxon wanted one royalty for the whole state.
After watching and rewatching the December AOGC hearing I couldn't figure out how they would reconcile their desire to see SLI's agreements with Lanxess and SLI's desire to keep those agreements confidential. Maybe they didn't reconcile those?
Hope it isn't the bigger companies lobbying for a higher royalty than SLI can survive and that they just withdrew so all companies can consolidate an application like you said. I know SLI wanted Lanxess royalty to be unique due to lower lithium grade but last I read in some official comment from Exxon, Exxon wanted one royalty for the whole state.
Posted on 4/3/24 at 11:17 pm to CarbonAce
FYI Standard's withdrawal of royalty application is official. Straight from the AOGC
Posted on 4/3/24 at 11:34 pm to ev247
Who knows, Standard may just be retooling their proposal since lithium prices have dropped since their proposal was put forth. Lithium commentators that I've followed (that disagree with each other on much) pretty much all say that the lithium carbonate spot price is closer to $15k than $30k now. Don't know how spot price will correlate to offtake contract prices though.
Posted on 4/4/24 at 4:56 am to ev247
Posted on 4/4/24 at 8:36 am to Wraytex
Maybe Exxon will have a little sympathy for Mintak. Like when those basketball teams let the handicapped trainer take a few shots at the end of a game
This post was edited on 4/4/24 at 9:15 pm
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.
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 9:59 am to GREENHEAD22
quote:
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.
It wouldn't be a waiting game in this scenario.
The options (in the pro-case) are either SLI developing the project and being a competitor to Exxon or Exxon buying them out.
ETA: and to answer the lease question, I'm also unsure as to the obligations for development - haven't read the actual lease terms
This post was edited on 4/4/24 at 10:01 am
Posted on 4/4/24 at 10:07 am to ev247
SLI needs to do a couple of things even if they have one foot in the grave or are about to be bought.
The PR needs to call it "green lithium" because it is the cleanest and greenest method of production. Beat the green drum!!!
SLI needs to do independently audited proofs of concept because there are still many who don't really know if the process really works. The last proofs of concept were three years ago and supposedly they have been tweaking the science project ever since then. SLI show your work!
The PR needs to call it "green lithium" because it is the cleanest and greenest method of production. Beat the green drum!!!
SLI needs to do independently audited proofs of concept because there are still many who don't really know if the process really works. The last proofs of concept were three years ago and supposedly they have been tweaking the science project ever since then. SLI show your work!
Posted on 4/4/24 at 10:08 am to Auburn1968
quote:
SLI needs to do independently audited proofs of concept because there are still many who don't really know if the process really works. The last proofs of concept were three years ago and supposedly they have been tweaking the science project ever since then. SLI show your work!
Why haven't you mentioned this before?
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.
Posted on 4/4/24 at 10:43 am to GREENHEAD22
If I remember right these leases have long extensions available if no production, like 5-10 years. Will look for what I’m remembering
Posted on 4/4/24 at 10:49 am to ev247
Standard Lithium said in a press release that it made an agreement with Tetra in 2017. It gave Standard an exclusive option, exercisable over a 10-year period, to the brine production rights.
Posted on 4/4/24 at 11:36 am to CarbonAce
Someone on the FB group said they spoke with IR and a new application is being submitted. Still not sure how to
Read into that though.
Read into that though.
Posted on 4/4/24 at 11:39 am to Shepherd88
Just read that. But when would that hearing be? If they just pulled and refiled, than I believe mintak is faking it until he makes it.
Posted on 4/4/24 at 11:44 am to Wraytex
That dude who posted it is the same Austin from Seeking Alpha. He’s got some more comments up now with a bit more clarification, but yea hopefully it’s not a game of charades.
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