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re: Diving deeper on Standard Lithium?

Posted on 11/10/21 at 3:47 pm to
Posted by FCP
Delta State Univ. - Fightin' Okra
Member since Sep 2010
5202 posts
Posted on 11/10/21 at 3:47 pm to
quote:

have another order in at $9.80
Just checked and realized I still have a trailing order at $9.50. We pretty confident it'll drop below that? I'm a latecomer, so even $9.50 would lower my DCA (currently just over $10). I'm nowhere near the size of y'all, but I'm HODL my ~100 shares.

Maybe y'all can let me at least take a sniff of the champagne corks from the eventual hookers/blow party.
Posted by tigerfoot
Alexandria
Member since Sep 2006
61626 posts
Posted on 11/10/21 at 4:25 pm to
quote:

We pretty confident it'll drop below that? I'm a latecomer, so even $9.50 would lower my DCA (currently just over $10). I'm nowhere near the size of y'all, but I'm HODL my ~100 shares.

Im confident it is going lower. I think the 8s are in order before the slide even thinks about stopping. IF Mintak doesnt make some type of statement or do something to instill confidence there is a plan, I will find other things to do with my money soon.
Posted by LChama
Member since May 2020
4368 posts
Posted on 11/10/21 at 4:27 pm to
Smack.. so a week ago you had a completely different take. Were you getting bad info? Are you hearing different chatter now? Or are you just reassessing after the events that just took place (or didnt take place). I know this kind of drop hurts you big time too… so not an attack.. just curious what changed up there
This post was edited on 11/10/21 at 4:31 pm
Posted by My2ndFavCivilNgineer
Member since Jun 2013
591 posts
Posted on 11/10/21 at 4:46 pm to
quote:

Smack.. so a week ago you had a completely different take. Were you getting bad info? Are you hearing different chatter now? Or are you just reassessing after the events that just took place (or didnt take place). I know this kind of drop hurts you big time too… so not an attack.. just curious what changed up there



read the thread, educate yourself.Germans spent money we thought was set aside for the JV expansion(im not even sure you know what that is). Things are probably delayed til Q1
Posted by deltaland
Member since Mar 2011
103618 posts
Posted on 11/10/21 at 4:57 pm to
Anyone else eating beenie weenies for supper? Thankfully I made it to the food bank before they ran out
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 11/10/21 at 5:03 pm to
I have one bowl of rice left. I had half a pallet of beanie weenies ready to go for Ida but sold them all to buy some crypto kitties.
Posted by SmackoverHawg
Member since Oct 2011
31721 posts
Posted on 11/10/21 at 5:26 pm to
quote:

Smack.. so a week ago you had a completely different take. Were you getting bad info? Are you hearing different chatter now? Or are you just reassessing after the events that just took place (or didnt take place). I know this kind of drop hurts you big time too… so not

No. The Germans did come in for the week. They did a ton of cosmetic improvements at all three facilities. Things they never have done before. Nobody knew why but the assumption was that it had to do with SLI. And may have, but not announcement of final investment decision by Lanxess. I dropped a $100k leading up to it in hopes that it would be and we'd be sitting at $20-25/share now.

Only thing I've heard since is Lanxess is still onboard but several delays for various reasons including COVID.
Posted by SmackoverHawg
Member since Oct 2011
31721 posts
Posted on 11/10/21 at 5:28 pm to
quote:

Anyone else eating beenie weenies for supper?

I did this weekend at the camp. BBQ beenie weenies. Cold out of the can.
Posted by SmackoverHawg
Member since Oct 2011
31721 posts
Posted on 11/10/21 at 5:30 pm to
If the shite hits the fan, I stay well stocked on beenie weenies, viennas, sardines and smoked oysters. Mix in a little potted meat and spam as well.
Posted by SmackoverHawg
Member since Oct 2011
31721 posts
Posted on 11/10/21 at 5:39 pm to
quote:

Im confident it is going lower. I think the 8s are in order before the slide even thinks about stopping. IF Mintak doesnt make some type of statement or do something to instill confidence there is a plan, I will find other things to do with my money soon.


I took some profits in case it does. I had planned to take some before the end of the year on my long term gains since we have no clue what FJB is going to do to capital gains taxes. Only short term ones I sold were the ones I purchased the week leading up to the Lanxess meeting. Looking to replace or even increase my shares.

Haven't decided my back up the truck and reload price yet. If we get to $7-8 range, I'll be buying. I think we'll be double that in a year. Time frame has just been moved back. If I think I can make more elsewhere or even in SLI buying back in while we wait. But he could pull a rabbit out of his arse and the joke will be on me. It's a gamble.
Posted by LChama
Member since May 2020
4368 posts
Posted on 11/10/21 at 5:43 pm to
Man thanks, your takes are pretty spot on… thats why I ask. I figured you had to be a little surprised along with the rest of us.
Posted by SmackoverHawg
Member since Oct 2011
31721 posts
Posted on 11/10/21 at 5:55 pm to
quote:

I figured you had to be a little surprised along with the rest of us.

Disappointed. But only because I got my hopes up by trying to read between the lines. I don't regret making a move. Lost a little on the recent buys, but not enough to matter. Contemplated not bringing to board because I was never told that they were announcing final investment decision of JV, but I would've felt bad if I knew about all the hoopla and it was "THE DAY".

I try not to pump or fear monger and just give my take. I also promised I would let the board know when and if I sold any shares. I didn't do it out of fear of SLI shitting the bed, I'm basically pulling my first swing trade, but factoring in possible higher taxes next year. I'm still long on SLI. I may have seemed a little down because I was ready to see my shite double overnight! I know better than to get expectations up, but I think the DWAC high had me a little too optimistic.

I think the JV gets done, probably by end of year. I don't think they start as soon as planned. Lanxess is still on board. They are still producing high grade lithium at demo plant. We're probably looking at shelf offering and share dilution to fund projects but I don't have a guess when. If anything changes, I'll update.
Posted by go ta hell ole miss
Member since Jan 2007
14765 posts
Posted on 11/10/21 at 6:08 pm to
quote:

Just checked and realized I still have a trailing order at $9.50. We pretty confident it'll drop below that? I'm a latecomer, so even $9.50 would lower my DCA (currently just over $10).


I dumped 25% of my shares today. If it goes to $9.50 I am dumping even more tomorrow because I will be able to get back in the $8s. They are doing nothing to prevent a fall back to the $7.70 range. If my stop loss fills and it goes back up immediately then I’ll just move the money to crypto. I am losing confidence in this company’s ability to move forward quickly enough in this environment.
This post was edited on 11/10/21 at 6:14 pm
Posted by jimjackandjose
Member since Jun 2011
6774 posts
Posted on 11/10/21 at 6:11 pm to
At this point I'd rather shelf offering executed and SLI moves on tetra without lanxness.

Time to capture market share is critical
Posted by jimjackandjose
Member since Jun 2011
6774 posts
Posted on 11/10/21 at 6:16 pm to
Lots of gaps down to 7 pre cramer report.
Posted by GeneralLee
Member since Aug 2004
14142 posts
Posted on 11/10/21 at 6:17 pm to
quote:

At this point I'd rather shelf offering executed and SLI moves on tetra without lanxness.


Agreed, at this point i'd rather them make the "dumb mistakes" on the first plant being Tetra, and watch Lanxess try to explain to their shareholders why they pissed away a multi billion dollar opportunity.

There is ~$3B in grant money in the infrastructure bill for domestic lithium producers, SLI should be at the top of the list based on their green process for those $, so maybe if they are on their A game they can get a lot of that grant $ and substantially reduce the $ they would have to fund on their own for Tetra. I emailed Mintak on that subject today.
Posted by SmackoverHawg
Member since Oct 2011
31721 posts
Posted on 11/10/21 at 6:53 pm to
quote:

There is ~$3B in grant money in the infrastructure bill for domestic lithium producers, SLI should be at the top of the list based on their green process for those $, so maybe if they are on their A game they can get a lot of that grant $ and substantially reduce the $ they would have to fund on their own for Tetra. I emailed Mintak on that subject today.


You never know. That could be part of the hold up. That would damn sure light a fire under their asses.
Posted by jimjackandjose
Member since Jun 2011
6774 posts
Posted on 11/10/21 at 7:36 pm to
That would damn sure make me sad about selling all my shares lol
Posted by Capt ST
High Plains
Member since Aug 2011
13706 posts
Posted on 11/10/21 at 8:45 pm to
JFC I asked 2 weeks ago about exit plan and everyone was holding until it hit the 20s. Now everyone is bailing?

Well I guess I’ll dump my shares tomorrow too.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 11/10/21 at 9:08 pm to
I already sold mine to order a hold on a pallet of Vienna sausages
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