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re: Diving deeper on Standard Lithium?

Posted on 10/25/21 at 4:12 pm to
Posted by LSUGrad2005
Member since Aug 2018
732 posts
Posted on 10/25/21 at 4:12 pm to
If I was on the O-T I would say I am holding until $350, but I guess $394 will do too.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/25/21 at 4:17 pm to
Yeah also only about 30% of my stock will be in LTCG by New Years or so, so that plays a factor as well.
Posted by el Gaucho
He/They
Member since Dec 2010
56836 posts
Posted on 10/25/21 at 4:25 pm to
I almost have to hold all my shares to the moon just to dab on money talk

I lost like 400k worth of unrealized gains from at picks in a week following February 8th top and I was frantically posting hey man why is everything crashing should I sell? And the answers were like

you call this a crash? I didn’t pull anything in 2008 and I made it all back in 5 years. Warren buffet never sells the stock market just transmits money to the patient

And “my dads been investing since 1965 and he says stocks only go up over the long term so I say only sell if you need the money do you need surgery or something?”

And like “if you’re up you should try to hold longer so you can get to long term capital gains this is just a temporary correction”

It was like very cool thanks for the boomer pearls of wisdom

Anyway I sold

Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/25/21 at 4:27 pm to
You Sound like a thirty year old boomer Gauch
Posted by tigerfoot
Alexandria
Member since Sep 2006
59004 posts
Posted on 10/25/21 at 4:28 pm to
quote:

Bro don’t get a pool

Worst thing to ever happen to me
sorry you don’t look good naked.
Posted by el Gaucho
He/They
Member since Dec 2010
56836 posts
Posted on 10/25/21 at 4:30 pm to
You couldn’t see anyways because it’s always green
Posted by tigerfoot
Alexandria
Member since Sep 2006
59004 posts
Posted on 10/25/21 at 5:06 pm to
I think they have people for that.
Posted by SmackoverHawg
Member since Oct 2011
28959 posts
Posted on 10/25/21 at 6:17 pm to
quote:

I think they have people for that.


Yeah, my pool always looks good and I never do anything with it.
Posted by Tower_Tiger12
Member since Jan 2021
983 posts
Posted on 10/25/21 at 6:31 pm to
Gaucho can’t afford that. He’s at the salt mine all day, and the homeless shelter all night.
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 10/25/21 at 6:41 pm to
quote:

what’s everyone’s exit strategy? I


Gradually exiting a portion of my position when I think the market cap reflects an appropriate DCF of their future projects (also taking into account when certain lots get long term cap gains treatment). My guess is right now if they did a PEA for the entire company (Lanxess & Tetra) that it would show an NPV of more than $6B, compared to a ~$1.5B market cap currently. The JV being executed will remove a lot of uncertainty and hopefullly set us on a course towards that $6B or even higher with time.

I'll also be watching lithium prices closely, I would not be surprised if we see a roaring bull market through mid '22 but then a mild correction in lithium prices in late '22 as supply from South American projects starts to come online while EV car supply still might be a bit delayed from things like the semi conductor chip shortage.
This post was edited on 10/25/21 at 6:45 pm
Posted by LChama
Member since May 2020
2673 posts
Posted on 10/25/21 at 6:41 pm to
Yalll think we hit $20 with JV announcement
Posted by KCRoyalBlue
Member since Nov 2020
1502 posts
Posted on 10/25/21 at 7:29 pm to
Any ideas of a peak price on this baby?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/25/21 at 7:39 pm to
$288
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 10/25/21 at 7:41 pm to
Should have bought at 2.50
Posted by AUHighPlainsDrifter
South Carolina
Member since Sep 2017
3179 posts
Posted on 10/25/21 at 7:56 pm to
quote:

Yalll think we hit $20 with JV announcement


I think it's very possible. Depends a lot on how much publicity it gets.
Posted by DrSeuss19
Member since Sep 2021
37 posts
Posted on 10/25/21 at 7:56 pm to
I'll probably sell a significant amount at $30 to be quite honest. Unless I've nailed all my option plays which is definitely not going to happen.

I can definitely see it hitting $20 at JV. If they have any revenue at all next week (which would require the JV, no?) I think it gets past $20.

If Elon could pump it on his stupid arse twitter like he did doge, good lord... who knows.
This post was edited on 10/25/21 at 7:58 pm
Posted by DrSeuss19
Member since Sep 2021
37 posts
Posted on 10/25/21 at 8:00 pm to
2024 is going to be an EV take over. Prices for lithium are going to be wild at that time.
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 10/25/21 at 8:27 pm to
Whenever you guys start to sell a portion of your holdings please do it in multiple small blocks and at limit orders just above the last price (letting the market come to you). Don’t be one of those fools putting in a large market order and causing a sell off.
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 10/25/21 at 8:28 pm to
Annual report is already out, no reported revenues as of 6/30/21, but that’s not unexpected.
Posted by SmackoverHawg
Member since Oct 2011
28959 posts
Posted on 10/25/21 at 9:36 pm to
quote:

Whenever you guys start to sell a portion of your holdings please do it in multiple small blocks and at limit orders just above the last price (letting the market come to you). Don’t be one of those fools putting in a large market order and causing a sell off.


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