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re: Diving deeper on Standard Lithium?
Posted on 9/10/21 at 6:16 pm to Fe_Mike
Posted on 9/10/21 at 6:16 pm to Fe_Mike
quote:
What I’m not familiar with is whether this is just standard housekeeping procedures or if it is foreshadowing an offering in the near future. They would have to do this to execute an offering on the NYSE.
Following up on this, yes this is a mandatory filing by any issuer registering on Form F-10. Form F-10 is required from Canadian public companies to complete registration and sell in US.
Remember when they filed the shelf in Canada it had in bold letters it was not for American consumption? They need to file this to address that.
This is as standard housekeeping as filing the shelf in Canada to begin with. Getting the ducks in order.
2
Posted on 9/10/21 at 6:17 pm to BallsEleven
quote:
An offering is the only thing I could think of. If they do one I just hope they time it with the PEA or JV announcement to lessen the blow.
This is the same offering (shelf) they talked about 2 weeks ago. That filing did not register the shelf in the US - this one does. Standard procedure.
Posted on 9/10/21 at 7:00 pm to igoringa
Can you elaborate as to what context "sell in USA" means? Commercialization of the lithium product itself or something else?
Posted on 9/10/21 at 8:18 pm to KCRoyalBlue
quote:
Can you elaborate as to what context "sell in USA" means? Commercialization of the lithium product itself or something else?
To be able to sell the shares related to the shelf offering on the NYSE should they need to.
Posted on 9/10/21 at 8:21 pm to igoringa
quote:
This is as standard housekeeping as filing the shelf in Canada to begin with. Getting the ducks in order.
It could also be a play to speed Lanxess up. Lanxess owns like 7.6% of SLI. Shelf offering dilutes their approximately 11million shares by 30%. At current prices we're talking close to $30million.
Posted on 9/10/21 at 10:31 pm to SmackoverHawg
Lots of good info in this thread. Hat tips to all.
Posted on 9/11/21 at 8:28 am to SmackoverHawg
Speculation but I truly don't believe they are waiting on Lanxess.
There are some milestones SLI still has to hit before they can complete the JV (mainly finishing the hydraulic/energy balance around the full Lanxess tailbrine -> SLi extraction -> reinjection, which requires some operation of the full Listr/Sift unit in series). It's minor, but they just need some data to complete that.
Second, I believe they basically have two or three versions of the JV final agreement settled and are just waiting to pick which one. I believe the main difference in these is the actual split (70/30, 60/40, etc) and that will be largely dependent on SLI's capital contribution.
I think SLi may be targeting an offering post PEA ($8-9/share?) to raise funds to basically buy a stronger share of the JV.
There are some milestones SLI still has to hit before they can complete the JV (mainly finishing the hydraulic/energy balance around the full Lanxess tailbrine -> SLi extraction -> reinjection, which requires some operation of the full Listr/Sift unit in series). It's minor, but they just need some data to complete that.
Second, I believe they basically have two or three versions of the JV final agreement settled and are just waiting to pick which one. I believe the main difference in these is the actual split (70/30, 60/40, etc) and that will be largely dependent on SLI's capital contribution.
I think SLi may be targeting an offering post PEA ($8-9/share?) to raise funds to basically buy a stronger share of the JV.
Posted on 9/11/21 at 8:39 am to Fe_Mike
Bruh they better not dilute
Posted on 9/11/21 at 9:07 am to el Gaucho
Haha, it's coming one way or another.
Better they dilute now for a smaller amount and control more of the JV revenue. Then it will be easier for them to take on debt at a favorable rate for larger investments in the future and not have to dilute further.
We're not OTC anymore; an offering isn't a curse. If they release PEA, price jumps 20%, then they announce that they are raising capital via issuing shares in order to purchase a larger portion of the JV it will likely be received very well in the market.
Better they dilute now for a smaller amount and control more of the JV revenue. Then it will be easier for them to take on debt at a favorable rate for larger investments in the future and not have to dilute further.
We're not OTC anymore; an offering isn't a curse. If they release PEA, price jumps 20%, then they announce that they are raising capital via issuing shares in order to purchase a larger portion of the JV it will likely be received very well in the market.
Posted on 9/11/21 at 9:25 am to Fe_Mike
quote:
Speculation but I truly don't believe they are waiting on Lanxess.
Oh, I agree. Lanxess has invested a lot in this that people don't realize and continue to do so. As of September 1st the contractors paid by Lanxess are now paid by SLI directly from my understanding, but that's not a negative. That's always been how it was to proceed. That shows that SLI has the cash to pay the bills.
Posted on 9/11/21 at 9:32 am to Fe_Mike
quote:
they release PEA
I'm hoping it includes the other Lanxess sites where the bromine was depleted and were no longer being used. That would be HUGE. Probably bigger than Tetra site. Work has been done at both the sites for well over a year now. Brine wells already in place, just have been dormant. People within SLI seem very excited about the situation. As do Lanxess employees, but the ones really in the know are in Germany. Chemours also seems to be involved somehow. They have a facility within Lanxess. It may just be due to proximity. I don't know that they make anything that Lanxess needs or SLI. Was owned by DuPont until a few years ago. I'm collecting a pretty extensive collection of chemical company hardhats.
Posted on 9/11/21 at 10:47 am to Fe_Mike
quote:
think SLi may be targeting an offering post PEA ($8-9/share?) to raise funds to basically buy a stronger share of the JV.
That would truly be the right play. Capital raise is inevitable - sequencing like this would maximize purchase power
Posted on 9/11/21 at 11:45 am to igoringa
Why not get off their asses and mine some goddamn lithium if they need money
Posted on 9/12/21 at 10:34 pm to el Gaucho
quote:
Why not get off their asses and mine some goddamn lithium if they need money
That is a valid point.
Posted on 9/13/21 at 8:40 am to SmackoverHawg
Can they stop being cringe
I feel like warren buffet I’ve been in this stock since 1978 and it’s only gone up 2%
I feel like warren buffet I’ve been in this stock since 1978 and it’s only gone up 2%
Posted on 9/13/21 at 8:53 am to SmackoverHawg
Someone dumped 50k shares for breakfast.
Posted on 9/13/21 at 9:05 am to Auburn1968
God I wish that was me
Posted on 9/13/21 at 9:36 am to Auburn1968
No point in really watching this until the JV is announced or PEA on Tetra is announced. Beyond that, it’s going to bounce.
Posted on 9/13/21 at 9:56 am to CollegeFBRules
I heard they’ve been slow to release announcements because the management is all out on paternity leave
ETA: for their wives’ sons births
ETA: for their wives’ sons births
This post was edited on 9/13/21 at 9:57 am
Posted on 9/13/21 at 10:20 am to el Gaucho
forget Warren Buffet, I feel like Jimmy Buffet(makes me wanna drink)
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