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Started By
Message
re: Diving deeper on Standard Lithium?
Posted on 8/18/21 at 9:21 am to GrizzlyAlloy
Posted on 8/18/21 at 9:21 am to GrizzlyAlloy
Is all this movement due to options now being available?
2
Posted on 8/18/21 at 9:24 am to Yak
It’s because we trusted the plan
Posted on 8/18/21 at 9:25 am to My2ndFavCivilNgineer
Congrats to everyone that didn’t panic yesterday and recognized the buying opportunity 
Posted on 8/18/21 at 9:26 am to el Gaucho
quote:Next stop, Valhalla
It’s because we trusted the plan
Posted on 8/18/21 at 9:28 am to Who_Dat_Tiger
I blew my load at 6.04. Average price target is $8+. 
Eta: for whatever its worth, Albemarle is up only 1.5% today...
Eta: for whatever its worth, Albemarle is up only 1.5% today...
This post was edited on 8/18/21 at 9:31 am
Posted on 8/18/21 at 9:28 am to Yak
Highest option strike right now is $12.5, so I can't sell my $20 covered calls just yet. Very low volume on them so far.
Posted on 8/18/21 at 9:35 am to GREENHEAD22
Posted on 8/18/21 at 9:39 am to GeneralLee
So let’s just say JV is not happening…. Where does that leave the company and what would be the outlook for the next year? What would be the route of success without it..
Posted on 8/18/21 at 9:44 am to Krayfish11
Found what I was referring to. It was an Iron Mike comment. Lanxess opted for shares instead of getting the loan repaid in cash. They have to hold the shares for 4 months before they can sell them. It's anyone's guess as to what they will do with the shares at 4 months if they decide no JV. Anyone able to find what that date may be?
quote:quote:
I’m thinking that if Lanxess didn’t want to move forward and didn’t believe in Standard Lithium’s technology and goals, they would have rather opted for their cash back instead of shares of Standard Lithium.
Again, and please don't misconstrue my point here because I'm long and really believe in SL, why do people keep pointing to this as a belief that Lanxess just 'bought in' to STLHF?
In what world would Lanxess have 'rather opted for their cash back'? The loan was for a value of $3.75MM. If Lanxess wanted cash repayment, they would have gotten....$3.75MM (plus 3% interest because SL isn't turning a profit yet, whoopee). Their option was to accept shares (6.25 MM to be precise, plus another 3+MM warrants). That's $30 million if they exercise the warrants. It doesn't take Warren Buffett to figure out the math on that one, fellas.
The only stipulation in the conversion is that Lanxess must hold for 4 months. That isn't exactly a risk when the share price is 8x what they 'paid' for the shares. They chose $20 million over $4 million. Period. There is no 'secret meaning' to glean from that; it's just the obvious payout to accept, regardless of your long term view of the company whose shares you are getting.
This post was edited on 8/18/21 at 9:47 am
Posted on 8/18/21 at 9:44 am to KCRoyalBlue
quote:
Missed the dip, dammit. Sigh.
Me as well......again. Seems every time I'm busy and not able to follow is when there is a hefty dip.
Posted on 8/18/21 at 9:46 am to GrizzlyAlloy
quote:
I just got the reminder on my phone I set a while ago to evaluate selling if no JV announcement in a week. I seem to remember there being a time frame that Lanxess has to buy their shares at a certain price or something.
I remember Smack saying something a few weeks ago " if we dont see a JV in the next few weeks , we should start getting never nervous"
thats not exact words but it was something to that affectt.
Posted on 8/18/21 at 9:47 am to Elusiveporpi
First day in a while that some of my SLI shares are not included in the fully paid shares lending program. Not saying that means anything, just an observation.
Posted on 8/18/21 at 10:16 am to Elusiveporpi
quote:
dont see a JV in the next few weeks , we should start getting never nervous
With or without it, the price is soaring for an unknown reason, if its simply the fundamentals of the company, someone will fund our scaling.
Also, the terms of the JV have been in negotiation for nearly 3 years, lots of unknowns still...
Posted on 8/18/21 at 10:17 am to Chucktown_Badger
so what is the catalyst for today? options option?
Posted on 8/18/21 at 10:19 am to Shamoan
Was oversold significantly
Posted on 8/18/21 at 10:19 am to Shamoan
quote:
options option?
That's what I was thinking. A decent volume of $7.50 strike options being bought, and someone bought 73 Apr '22 $12.50 calls.
Posted on 8/18/21 at 10:20 am to Chucktown_Badger
quote:
someone bought 73 Apr '22 $12.50 calls.
I bought 1
Posted on 8/18/21 at 10:24 am to BallsEleven
quote:
I bought 1
You clearly were not the only one with that idea. Not a single put sold yet.
This post was edited on 8/18/21 at 10:25 am
Posted on 8/18/21 at 10:27 am to Chucktown_Badger
I would be surprised if it had anything to do with options.
A couple hundred calls have been sold which have an underlying of about 20K shares. Trading volume is 1.265 million in first hour.... this is a bounce back. Hopefully not dead cat.
A couple hundred calls have been sold which have an underlying of about 20K shares. Trading volume is 1.265 million in first hour.... this is a bounce back. Hopefully not dead cat.
Posted on 8/18/21 at 10:41 am to igoringa
Smack just bought back in with 100,000 shares
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