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re: Diving deeper on Standard Lithium?

Posted on 8/31/21 at 2:29 pm to
Posted by jimjackandjose
Member since Jun 2011
6635 posts
Posted on 8/31/21 at 2:29 pm to
Check out fcel, plug, fsly
Posted by el Gaucho
He/They
Member since Dec 2010
56809 posts
Posted on 8/31/21 at 2:29 pm to
Man I remember the last time I made a bunch of money on a company with inept management that released a product into a saturated market and couldn’t deliver on time

I held too long then too
Posted by LChama
Member since May 2020
2668 posts
Posted on 8/31/21 at 2:43 pm to
Holding half my original position. Just getting lucky on my timing on the other half.
Posted by Auburn1968
NYC
Member since Mar 2019
23079 posts
Posted on 8/31/21 at 2:57 pm to
We're seeing some substantial dumps of a suspiciously uniform nature. It seems that someone with a whole lotta shares is converting them to cash.

Posted by jchamil
Member since Nov 2009
17990 posts
Posted on 8/31/21 at 3:00 pm to
quote:

It seems that someone with a whole lotta shares is converting them to cash.


Well shite
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5417 posts
Posted on 8/31/21 at 3:02 pm to
quote:

Yeah for a non penny stock or WKHS type situation, this is one of the most brutal downturns on a stock I’ve ever seen.


Are some similarities. WKHS was all about getting a contract with USPS and it didn’t happen

SLI has been all about a joint venture which hasn’t happened yet

That being said I am not selling and am still very optimistic about this one
Posted by jchamil
Member since Nov 2009
17990 posts
Posted on 8/31/21 at 3:03 pm to
quote:

That being said I am not selling and am still very optimistic about this one


What's giving you optimism at this point? Why the brutal last couple of weeks do you think?
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 8/31/21 at 3:04 pm to
This might be the most demoralizing trading day I’ve seen yet on this one. Yikes.
Posted by Tower_Tiger12
Member since Jan 2021
982 posts
Posted on 8/31/21 at 3:06 pm to
There’s hasn’t been any negative news, just no news. What’s keeping me positive is that this stock was emergency uplisted and trading on the NYSE within a week for a reason.
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 8/31/21 at 3:10 pm to
quote:

What’s keeping me positive is that this stock was emergency uplisted and trading on the NYSE within a week for a reason.


I'm not sure the emergency uplisting was an emergency, just that by that point they had met the $4/share requirement to get uplisted.
Posted by el Gaucho
He/They
Member since Dec 2010
56809 posts
Posted on 8/31/21 at 3:12 pm to
Only once everyone gives up on sli and hates it and abandons it will something good happen

It’s a lot like me
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 8/31/21 at 3:15 pm to
quote:

Only once everyone gives up on sli and hates it and abandons it will something good happen


I know, the minute I sell the JV PR will come out the next day and i'll be chasing it and incurring the short term cap gains I locked in from selling the day before. Maybe if I just sell off one chunk of shares that would do the trick?
Posted by Hogwallop
Member since Jul 2021
413 posts
Posted on 8/31/21 at 3:16 pm to
Do we still believe devaluation is priced in.

If it happens with no news, I'd be surprised if this price holds
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 8/31/21 at 3:18 pm to
What do you mean by devaluation?
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
2900 posts
Posted on 8/31/21 at 3:20 pm to
I'm beginning to think we need a short position SLI thread.
Posted by Hogwallop
Member since Jul 2021
413 posts
Posted on 8/31/21 at 3:21 pm to
Execute the shelf offering
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 8/31/21 at 3:24 pm to
They said in the shelf offering PR that they had no near term plans to draw on that offering ("no need for it to execute on upcoming milestones" (presumably JV and FID on 1st plant)), and a final prospectus would have to be filed first. The selloff has been on pretty low volume as well. If they went to sell $250M in the open market, this would be sub $2 really really quick.
Posted by igoringa
South Mississippi
Member since Jun 2007
11901 posts
Posted on 8/31/21 at 3:25 pm to
The frustrating aspects of this to me are the fact that lithium prices keep climbing. News and buzz about Arksansas are still floating (whether it is the LAC CEO mentioning it or other companies scooping up land deals). Goldman mentions it when talking lanxess. There is smoke there.

And this management has communicated updates before, making the silence so frustrating. We are late on some timelines and an update is completely fair game. We have been teased in July on a few other matters and an update is fair game.
Posted by Hogwallop
Member since Jul 2021
413 posts
Posted on 8/31/21 at 3:26 pm to
Ok, makes sense.
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 8/31/21 at 3:29 pm to
Agree 100%. It's been maddening to watch lithium carbonate prices hit $13k/ton, ALB hit a new 52 week high every day, other pre-production companies like LAC and LLKKF near their 52 week highs while this is getting slaughtered. If not for the PR in June where Lanxess became a key shareholder in the company by converting the debt, I'd be concerned that the JV wasn't happening at this point. But there's too much smoke from that fact (Lanxess increasing their holdings here) for this (the JV) to not be happening, just at what point does it finally happen? They had multiple videos earlier this year (Crux Investor ones on Youtube) where they answered a question on the JV timing, at a minimum they need to get onto one of those pronto, but a better long-term solution would just be to get the damn thing done finally.
This post was edited on 8/31/21 at 3:30 pm
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