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re: Diving deeper on Standard Lithium?

Posted on 7/13/21 at 4:38 pm to
Posted by Elusiveporpi
Below I-10
Member since Feb 2011
2650 posts
Posted on 7/13/21 at 4:38 pm to
Yep I was up 4K, ended 1k down because I threw money at it around 6.50. Still feel good about the upcoming weeks though.
Posted by SmackoverHawg
Member since Oct 2011
29136 posts
Posted on 7/13/21 at 4:56 pm to
quote:

Smack is selling his shite


Nope. Not one share.
Posted by BallsEleven
Member since Mar 2019
6163 posts
Posted on 7/13/21 at 4:58 pm to
quote:

Nope. Not one share.


So all of them?
Posted by SmackoverHawg
Member since Oct 2011
29136 posts
Posted on 7/13/21 at 5:07 pm to
Our crew still holding 100% of our shares. Haven't checked with my brother though. He's not very patient.
Posted by tigerfoot
Alexandria
Member since Sep 2006
59155 posts
Posted on 7/13/21 at 5:11 pm to
I’m in until we stock some Arkansas lithium in a Tesla sold in San Francisco
Posted by LSUGrad2005
Member since Aug 2018
767 posts
Posted on 7/13/21 at 5:15 pm to
Added more today at $5.52 holding until we get some news
Posted by CarbonAce
Member since Apr 2021
185 posts
Posted on 7/13/21 at 5:19 pm to
Agree!
Posted by igoringa
South Mississippi
Member since Jun 2007
11902 posts
Posted on 7/13/21 at 5:33 pm to
The movement today off the back of the Mintak interview with fox business was breathtaking and demonstrates a theme we have talked about - this stock is just not known yet.

A few minute soundbite on the second business news network set it to trigger the circuit breaker. When this gets air time on CNBC and more general discussion - look out.

Where is our Cramer caller when we need him lol
Posted by Nguyener
Kame House
Member since Mar 2013
21057 posts
Posted on 7/13/21 at 5:37 pm to
quote:

Where is our Cramer caller when we need him lol



In case anyone doesnt get that reference:

YouTube video: JIM!! HEY BAW!! You say BooYah we say BAW YEah!.. Shout to all the Baws on the OT Rant and money board at Tigerdroppings.com

original thread


This post was edited on 7/13/21 at 5:43 pm
Posted by Fe_Mike
Member since Jul 2015
3565 posts
Posted on 7/13/21 at 5:51 pm to
That was all time.
Posted by ColoradoAg03
Denver, CO
Member since Oct 2012
6436 posts
Posted on 7/13/21 at 5:57 pm to
Legend
Posted by KCRoyalBlue
Member since Nov 2020
1541 posts
Posted on 7/13/21 at 6:13 pm to
I thought I saw an article about SLI being added to an ETF. Can't find it now.

Anyone know the ticker for that one?
Posted by CarbonAce
Member since Apr 2021
185 posts
Posted on 7/13/21 at 6:16 pm to
REMX
Posted by KCRoyalBlue
Member since Nov 2020
1541 posts
Posted on 7/13/21 at 7:21 pm to
Thank you!
Posted by supadave3
Houston, TX
Member since Dec 2005
31180 posts
Posted on 7/13/21 at 8:04 pm to
Wow. I’ve had a very busy day and only was only able to check in a few times to see what was happening with this stock. Looks like y’all have all been on a hell of a roller coaster ride today. At the end, the getting off point is the same spot where y’all we got in.
Posted by Shamoan
Member since Feb 2019
11686 posts
Posted on 7/13/21 at 8:04 pm to
Imo, it’s a lame arse time to sell. If you think $8.56 is the ceiling or want to swing trade, that’s understandable, but most baws here won’t start getting a chubby until this thing breaks $18
Posted by Who_Dat_Tiger
Member since Nov 2015
22794 posts
Posted on 7/13/21 at 8:09 pm to
One thing I learned for sure today was we weren’t just spitballing when we were speculating about hitting $20-30. I now get the sense it happens within a years time. Possibly in 2021 even.
Posted by Fe_Mike
Member since Jul 2015
3565 posts
Posted on 7/13/21 at 8:45 pm to
Pump the brakes.

We’ve got a lot of PRs we need more info on before getting to that level. Not saying it won’t happen but weigh the risk.

The Lanxess JV and the tetra analysis could possibly get us to $10. Those are high likelihood. There are other patent and tech related PRs that could get us to $20. But these are unknowns. I don’t think $30 is on the table until several years out, barring a buyout.

There are serious tech risks here. Albemarle being the main one. Albemarle could mimic this plant commercially in 6 months and has money to blow. They have gone all in on lithium and project to be the world leaders in lithium production soon. Lanxess isn’t on that lithium radar, but they track with Albemarle’s footprint and are strong competitors. Albemarle has all of the same resources as Chemtura in Arkansas in terms of upstream supply. Probably more, haven’t seen those numbers recently.

I have a stupidly large position in SLi and am bullish but just trying to make sure folks aren’t going all in here expecting $30 by 2022. Weigh the risks. It’s a great bet. But it’s not a sure bet. There never is.
Posted by Crow Pie
Neuro ICU - Tulane Med Center
Member since Feb 2010
26413 posts
Posted on 7/13/21 at 8:53 pm to
Thanks to Smackover I bought 500 on page 11 of this thread. Thanks!
Posted by Fe_Mike
Member since Jul 2015
3565 posts
Posted on 7/13/21 at 8:57 pm to
Please don’t take that post as a FUD. Just a…don’t invest 90% of your net worth in this thinking it’s a sure bet to double in 6 months warning.

From someone who has invested 90% of their net worth in a sure bet and lost.
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