re: Diving deeper on Standard Lithium?

I'm thinking they use it to build out Tetra sooner without waiting for funds from the JV to do it. Then again over next two years doesn't speak to that.

Haha i get burned yet again by a shelf offering on a friday night. Unbelievable

Even if they had the funds now I think they still plan on learning a lot from building the first Lanxess plant and applying those learnings to the second and third Lanxess plants and Tetra plant(s).

This offering also may end any speculation of a Lanxess buyout which I frankly wasn’t a fan of anyway.

So I get the apprehension in the microcap space with the concepts of issuances and dilution, but all issuances are not created equal.

Further, this is not an issuance; it is a shelf. Something virtually every real growing company does and is prudent after an uplist. If they had to pull down for G&A or something, fine that would be an issue - but preparing for the ability to be agile - damn well better be ready for that.

And yes, Tetra... just think how long it would take to start Tetra if we waited for: (1) Lanxess to make up their mind; (2) Lanxess to start building the plants; (3) production to begin; and (4) cash flows to be sufficient to fund development over there. Do we really want to wait several years to start Tetra?

My understanding is that if everything went well in Arkansas, California would be in play for 2022. That does not sound like waiting to self fund Tetra would ever be realisticaly on the table.

Finally, lets play worse case on the shelf. Most of us here think this is a multibagger right? Even if the shelf use was a flop, worse case scenario we are looking at 20-25% dilution on a multibagger. I mean if we are trying to shave 7% a year I get the nerves a little bit.

Long story short, prudent responsible decision. If pulled on for hookers and blow then we can talk.

P.S. - This does not suggest to me that the JV is done. I don't get that leap

This isn't an offering. It is a prospectus.

All it does is allow them to make an offering much more efficiently in the future, if they need to. It's just good housekeeping.

Will it dampen the share price in the short term? Yes, probably, because people always panic when they see "$250 million offering dilution oh no!!". But it doesn't impact actual outlook or reflect on the health of the company.

This will accomplish a couple of things. First, if JV talks really have stalled, it tells Lanxess "Look, we can pull the trigger on $250 M and start this ourselves".

Second, if the JV is happening Standard will still have a high capex before they are revenue producing, even with Lanxess contributing. They can capitalize on a JV announcement price spike with an offering and not have to take on any debt. It could be leverage to get a better cut from the JV if they can front a lot of the costs.

Third, they can raise funds for development of their own endeavors, AKA a Tetra unit. Any offering PR that is dropped in tandem with news that they are using the offering to fund a revenue producing expansion will be well received.

A shelf prospectus for a pre revenue company with great IP isn't necessarily bad.

Agreed, but we ain’t micro cap anymore baw. We small cap.

Any guesses as to the price at opening bell on Monday....how it will perform....and then close?

If the drop PEA, this shite will be like a fart in the wind

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Agree 100%. If you could coordinate that that’d be great

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Well I sent in an email about being willing to distribute the SLI merchandise. I was basically like, "I've never thought to send an email to you about hats and shirts, but I'm familiar with this community and these requests are only going to increase, so if you send me a box of t-shirts and hats, I will consolidate the effort for you."

We'll see. If he sends me shite, I'll work out the details, and create a gmail account for it. Cant be much money to ship a shirt.

At the end of the day, it might be retarded, but it only is a positive thing to shareholders to have a bunch of idiots running around in SLI merchandise.

I tried to get my wife to copy the logo and make me a hat, but she’s not as keen on copyright infringements as I am

She’s got a big monogram machine