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re: Diving deeper on Standard Lithium?
Posted on 5/12/21 at 7:38 pm to SmackoverHawg
Posted on 5/12/21 at 7:38 pm to SmackoverHawg
Any other tidbits you can share?
Posted on 5/12/21 at 7:54 pm to GeneralLee
Unfortunately, no. But it's nice buying shares with their money. Anything I could add now that isn't hearsay would be too specific.
Now, I can say that you can see work trucks in town now with the Standard Lithium logos gassing up, and they were a co-sponsor for the local Mayhaw festival.
Lanxess is on board, but they will not officially sign JV until they complete their due diligence and I agree with their approach. I would imagine there is also some haggling over the split (70/30 v. 60/40) with STLHF doing the special offering in December and the money Lanxess would've been putting up if not for the COVID shut down. Not to mention the Tetra site is all STLHF. I haven't seen Tetra selling any of their 1% ownership.
ETA-and I'll add a disclaimer, just as before, that I'm not an insider. So, I'm just giving my opinion of what I see and hear. Take it for what it's worth. That may be a lot or very little. I'll tell you in a couple years.
Now, I can say that you can see work trucks in town now with the Standard Lithium logos gassing up, and they were a co-sponsor for the local Mayhaw festival.
Lanxess is on board, but they will not officially sign JV until they complete their due diligence and I agree with their approach. I would imagine there is also some haggling over the split (70/30 v. 60/40) with STLHF doing the special offering in December and the money Lanxess would've been putting up if not for the COVID shut down. Not to mention the Tetra site is all STLHF. I haven't seen Tetra selling any of their 1% ownership.
ETA-and I'll add a disclaimer, just as before, that I'm not an insider. So, I'm just giving my opinion of what I see and hear. Take it for what it's worth. That may be a lot or very little. I'll tell you in a couple years.
This post was edited on 5/12/21 at 7:58 pm
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