re: Diving deeper on Standard Lithium?

I’m finally back where I was in February

All on the back of SE and STLHF, my two largest holdings

I think $3.80ish is probably the lowest you can get it now if we had a day where the Dow drops like 600 points again.

I added heavily at $3.45 last week and $3.69 a bit earlier this week... i'm done adding as I don't want my share average to get too high and can't put ALL my eggs in one basket. Bags are all packed, just ready to enjoy the rest of the ride.

Trying to time this thing for pennies is kind of insignificant if you know this is going to fly on a couple of announcements. Just my thought process.

I took some profits this morning @ $4. My plan has always been to take out some when it hit that. Over the last year, each new high has been followed by 15%-20% drop, then its climbed to new highs. I wouldn't be surprised to see people take some profits going into the end of the week and have a dip into the $3.70-3.80 range. I still think it runs to $5 by the end of 2021.

But you know, paper hands and all that

quote:

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Trying to time this thing for pennies is kind of insignificant if you know this is going to fly on a couple of announcements. Just my thought process.

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That's what I've been telling my manager for several months now. He finally decided that he would buy some shares this week, but said he's holding out for 3.35 before he gets in. Oh well! You can lead a horse to water...

Some MM games at the end to paint the close down at $3.99 even though final bid was at $4.00.

I think the apprehension of the stock was the lack of confidence on JV announcement.

But if it sells, buy the dip

It's still a buy for any lurkers or undecideds. $3.99 will be a bargain. This train is still in the station, but conductor blowing the horn to get on if you're going.

Anyone have an idea what the incremental cost of their process is? Never mind:

Annual production: 20,900 tonnes lithium carbonate
Total capital expenditures estimate of US$437M
Non-optimised reagent cost per tonne lithium carbonate of US$3,107
All-in operating costs, including all direct and indirect costs, reagent, sustaining capital, insurance and mine-closure costs of US$4,319 per tonne of lithium carbonate (4)
Average selling price $13,550 USD per tonne battery quality lithium carbonate (5)
Pre-tax US$1.3 Billion NPV at 8% discount rate and IRR of 42%
Post-tax US$ 989 Million NPV an 8% discount rate and IRR of 36%

at a P/E of 10 the post production share price based on after tax income of 193 M$/year [( 13550 - 4319) *20900] would be 13.8 ( 10 *193 earnings /140 shares)