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re: Diving deeper on Standard Lithium?

Posted on 10/25/22 at 7:55 am to
Posted by SwampCollie
Louisiana
Member since Nov 2018
226 posts
Posted on 10/25/22 at 7:55 am to
$129M of cash.... $7M liabilities and $390K of debt....

Market cap is a little over $500M...

WTF? Surely the leases, IP, geographical advantages, access to the brine, no need for permits etc are worth the Market Cap less cash delta. Doesn't make much sense IMO.

I'll be adding
Posted by PotatoChip
Member since May 2014
3672 posts
Posted on 10/25/22 at 8:34 am to
I’ll have some freed up capital in a few weeks. If SLI is still in this range, I’m loading up big time!
Posted by Neauxla_Tiger
Member since Feb 2015
1889 posts
Posted on 10/25/22 at 8:51 am to
I think that pre-market move was on low volume. Already back green on the day. I'm a novice charter, but it seems like $3-3.20 is a good support we might be bouncing off of. Traded sideways in this area for the first 6 months of last year before it made it's big moves to the 7s, 10s and 12
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