re: Diving deeper on Standard Lithium?

Posted by SmackoverHawg

Member since Oct 2011

27389 posts

Posted on 11/23/20 at 11:39 am to Woodbird

quote:
If ramen and OT gets you north of $22MM as a successful mid career then I'm going to the grocery store today!

Not quite.

I didn't specify, but I was talking about the amount of money I have in it, not current stock value.

Posted by jimjackandjose

Member since Jun 2011

6514 posts

Posted on 11/23/20 at 11:55 am to SmackoverHawg

Regardless, going to hope you are right on this one.

Posted by jimbeam

University of LSU

Member since Oct 2011

75703 posts

Posted on 11/23/20 at 12:02 pm to jimjackandjose

I’m in for a measly 100 shares

3 ...

Posted by SmackoverHawg

Member since Oct 2011

27389 posts

Posted on 11/23/20 at 12:07 pm to jimbeam

quote:
’m in for a measly 100 shares

Better than zero, and it's all relative. My first stock purchase was a 100 shares of Walmart when I was 13 with yard mowing money. Still have it and it has multiplied greatly with dividend reinvestment over the past 33 years. Easiest way to "hit it big" is to start early and be steady.

Posted by jimbeam

University of LSU

Member since Oct 2011

75703 posts

Posted on 11/23/20 at 12:11 pm to SmackoverHawg

I’m too much of a boglehead at heart. VTSAX and I have a healthy relationship and I have a hard time adultering

Posted by GREENHEAD22

Member since Nov 2009

19676 posts

Posted on 11/23/20 at 12:12 pm to jimbeam

Same

Though I have some limit buys in, may pick up another couple hundred if it gets back around $2

Posted by 1234567k

Baton rouge

Member since Nov 2015

2067 posts

Posted on 11/23/20 at 1:03 pm to SmackoverHawg

quote:
Doing traditional and SiFT, or whatever it is, doing traditional stateside and other in Canada.

Can you translate this into english. Splain it to me like I'm 5. lol

Posted by ReadyPlayer1

Clown World

Member since Oct 2020

1063 posts

Posted on 11/23/20 at 5:51 pm to 73gt

Up to 8,000 @ 1.99 been taking profits from other stocks here. I'll hold for the next 20 years if it stays going up.

This post was edited on 11/23/20 at 5:53 pm

Posted by SmackoverHawg

Member since Oct 2011

27389 posts

Posted on 11/23/20 at 6:15 pm to 1234567k

quote:
Can you translate this into english. Splain it to me like I'm 5. lol

They have their own technology to convert the lithium chloride to lithium hydroxate. If works as hoped, it will be cheaper and faster than the traditional ways. The module has been stuck in Canada with the border closure.

Posted by leeman101

Huntsville, AL

Member since Aug 2020

1529 posts

Posted on 11/23/20 at 6:43 pm to jimbeam

My first stock purchase was Lowe's for 50 shares. It has split twice since then. Now I have 200 shares. Could and should have bought more in 2009 when everything tanked. You know what you can risk and sleep at night. My other stock purchase was Just For Feet and went bankrupt. Welcome to the school of hard knocks.

quote:
I’m in for a measly 100 shares

Posted by GeneralLee

Member since Aug 2004

13112 posts

Posted on 11/23/20 at 7:15 pm to leeman101

I wish Standard Lithium had options, I’d be loading the boat on call options here...

Posted by Drunken Crawfish

Member since Apr 2017

3829 posts

Posted on 11/23/20 at 7:48 pm to SmackoverHawg

LINK

I watched this earlier today to get a look at their process. Skip to the last 1/4th and they walk you through their process. Pretty cool stuff. They found a way to force extract the lithium instead of using retention pond evaporation methods. The process results in refined lithium in just over 6 hours instead of months.