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Message
re: Diving deeper on Standard Lithium?
Posted on 11/12/21 at 7:40 pm to DrSeuss19
Posted on 11/12/21 at 7:40 pm to DrSeuss19
quote:
It’s certainly not good. Whether it’s an expected reality for a company with no revenue or not won’t be a valid excuse for big money investors. Especially in this market. Probably see a further pullback next week. These are risks I’m sure many of us were already willing to hold through.
Whether good or not, it is expected and automatic. Auditors throw those out like candy on development stage companies.
The only reason there is a press release is because SLI is a foreign issuer and they have to be PR on it. A normal US company wouldnt - they would put the financials in the K with the Going concern paragraph and that would be it.
Really is nothing.
2
Posted on 11/12/21 at 8:49 pm to igoringa
quote:
It’s certainly not good
False. Simply stating the company has no plans of backing down for the next 12 months. Its good news for infants, standard procedure for us
Posted on 11/12/21 at 10:12 pm to CecilShortsHisPants
SLI may go down to $4 per shar soon
Posted on 11/12/21 at 10:55 pm to igoringa
Noted this key sentence in the MD&A:
“Upon proof of concept, LANXESS is prepared to provide funding to the joint venture to allow for the commercial development of the future commercial project.”
If that wasn’t true, the auditors wouldn’t have let that be included. I also recall something about the SiFT plant needing to be in operation for 3 months as part of the proof of concept. The SiFT will have been in operation for 3 months as of December 1st, so I’d think we should expect a JV sometime after that date.
“Upon proof of concept, LANXESS is prepared to provide funding to the joint venture to allow for the commercial development of the future commercial project.”
If that wasn’t true, the auditors wouldn’t have let that be included. I also recall something about the SiFT plant needing to be in operation for 3 months as part of the proof of concept. The SiFT will have been in operation for 3 months as of December 1st, so I’d think we should expect a JV sometime after that date.
Posted on 11/12/21 at 11:24 pm to CecilShortsHisPants
You can do whatever mental gymnastics you like. I've been in it for nearly a year and I no intentions of going anywhere. However, stating a concern for continuance is in no way "good". Is it common? Yes. Is it good? No. It simply is. Certainly not a tone that the big boys want to hear, but that is to be expected until JV is announced.
I imagine that note will make dilution a much easier pill to have shareholders swallow. It's a necessity and when they filed for it I'm sure everyone thought so as well. It's what all junior companies do. That being said, share dilution drops the price and they might as well do it now before JV happens and when they can clearly connect it to the need of more liquidity to assuage worries.
The last couple weeks were not optimal and also not surprising.
I imagine that note will make dilution a much easier pill to have shareholders swallow. It's a necessity and when they filed for it I'm sure everyone thought so as well. It's what all junior companies do. That being said, share dilution drops the price and they might as well do it now before JV happens and when they can clearly connect it to the need of more liquidity to assuage worries.
The last couple weeks were not optimal and also not surprising.
Posted on 11/13/21 at 7:52 am to CajunTiger78
quote:
SLI may go down to $4 per shar soon
Then I’ll finally be able to buy a chunk at a good price
Posted on 11/13/21 at 7:53 am to Beerinthepocket
quote:
Upon proof of concept, LANXESS is prepared to provide funding to the joint venture to allow for the commercial development of the future commercial project.”
If that wasn’t true, the auditors wouldn’t have let that be included. I also recall something about the SiFT plant needing to be in operation for 3 months as part of the proof of concept. The SiFT will have been in operation for 3 months as of December 1st, so I’d think we should expect a JV sometime after that date.
Nice catch. That does sound promising. The pudding is always in the details
This post was edited on 11/13/21 at 7:54 am
Posted on 11/13/21 at 8:20 am to deltaland
What’s the difference between SLI and Cypress?
Posted on 11/13/21 at 9:48 am to DrSeuss19
You’re both missing the mark a little here. This going concern opinion is neither good (Doesn’t mean the company has “no plans of backing down” in the next 12 months), nor is it bad in a developmental stage company like this one. It’s just a matter of fact that a company that doesn’t produce any revenue cannot continue as a going concern without beginning to produce revenue or obtaining equity or debt financing.
This isn’t a statement from the company with any tone to be interpreted, this is a boilerplate CYA opinion from the auditor. A going concern opinion in a company like this changes nothing for the big boys.
This isn’t a statement from the company with any tone to be interpreted, this is a boilerplate CYA opinion from the auditor. A going concern opinion in a company like this changes nothing for the big boys.
Posted on 11/14/21 at 9:28 am to Beerinthepocket
LIAFC
Being this is THE lithium thread, have any of you guys got in on this one? Thoughts?
LINK
Being this is THE lithium thread, have any of you guys got in on this one? Thoughts?
LINK
This post was edited on 11/14/21 at 9:30 am
Posted on 11/14/21 at 9:59 am to DrSeuss19
quote:
You can do whatever mental gymnastics you like. I've been in it for nearly a year and I no intentions of going anywhere. However, stating a concern for continuance is in no way "good". Is it common? Yes. Is it good? No. It simply is. Certainly not a tone that the big boys want to hear, but that is to be expected until JV is announced.
Sorry but you are wrong on this one. It's not mental gymnastics. It's just boilerplate legal requirements for pre revenue companies, and it means nothing. Look at the 10Q of literally any pre revenue company. There will be going concern language in it that makes it sound like the company is going out of business tomorrow.
It is about as significant as the list of potential side effects of common drugs. If you read it alone, it sounds like Ibuprofen is going to paralyze and kill you the first time you take it; but really, it's nothing. Not unlike the "Caution: Coffee hot!" labels.
The 'big boys' would actually be more concerned if these statements weren't included in the fins, as they would then be aware that SLI's accounting practices and auditing firm aren't up to snuff.
With regards to the 'dilution', it doesn't always drop the price (see Standard's last share offering for an example of this). And 'may as well do it now' is a terrible approach to take, by your logic. If they wait until the JV is announced, the price is much higher and the amount of shares they have to sell to meet their fundraising goal is much lower. Therefore your 'dilution' isn't nearly as significant if the raise is done post JV vs pre-JV.
Posted on 11/14/21 at 10:01 am to Beerinthepocket
quote:
I also recall something about the SiFT plant needing to be in operation for 3 months as part of the proof of concept. The SiFT will have been in operation for 3 months as of December 1st, so I’d think we should expect a JV sometime after that date.
I actually asked Mintak about this and he said that there is no minimum operation requirement (i.e. the 3 months) for the SiFT plant. Standard was shipping feed stock up to the SiFT in Canada and running it there, so that qualified the unit for these purposes.
Posted on 11/14/21 at 10:30 am to Fe_Mike
Ok, good to know. Any insight on what else Lanxess needs to see regarding “proof of concept”? Seems to me the concept has been proven.
Posted on 11/14/21 at 11:14 am to Beerinthepocket
I agree, I think the technical side of it is all but cleared.
I think the major remaining item is the hydraulic balance. Once that is done (I'll bet it is done by now) they can clear the regulatory hurdles. Once permitting is approved, then I think you see the JV signed. I suppose they could still sign it in advance of the regulatory with contingencies, but I'm pretty confident that is the last 'hold up'.
As clean as this process is, I can't imagine the approval is anything other than a 'when' and not an 'if'. But they are still pumping hundreds of thousands of gallons of liquid back into the ground, so even if it is cleaner than rain water, they'll still have to go through lengthy applications.
ETA: It also looks like there is an updated and more extensive economic eval going on. They commented on this in the Q as well - particularly with regards to implementing the reagent recycle process.
I think the major remaining item is the hydraulic balance. Once that is done (I'll bet it is done by now) they can clear the regulatory hurdles. Once permitting is approved, then I think you see the JV signed. I suppose they could still sign it in advance of the regulatory with contingencies, but I'm pretty confident that is the last 'hold up'.
As clean as this process is, I can't imagine the approval is anything other than a 'when' and not an 'if'. But they are still pumping hundreds of thousands of gallons of liquid back into the ground, so even if it is cleaner than rain water, they'll still have to go through lengthy applications.
ETA: It also looks like there is an updated and more extensive economic eval going on. They commented on this in the Q as well - particularly with regards to implementing the reagent recycle process.
This post was edited on 11/14/21 at 11:17 am
Posted on 11/14/21 at 12:25 pm to SmackoverHawg
quote:
Lithium prices and demand are going up
Lithium is not just for EV's too. I was in a heart hospital a couple of days ago for a check up and all of the docs, nurses and techs had rolling work stations that ran on batteries. A flock of tests and half of them came to me rather than me going to a testing room including a mobile x-ray machine.
Our vacuum is now battery operated. Lawn mowers for not too big yards are a reality. And of course, power tools.
Then too, there's that 1.3 trillion "infrastructure" package that just passed.
This post was edited on 11/14/21 at 12:27 pm
Posted on 11/14/21 at 2:24 pm to Auburn1968
I just bought lithium AA batteries at dollar general.
Hope this helps the stock tomorrow
Hope this helps the stock tomorrow
Posted on 11/14/21 at 2:51 pm to Auburn1968
I duck hunt with lithium batteries for my headlight and robo ducks.
Lithium chainsaw and leaf blower.
Not to mention the power tools.
Yep... the wave of the future.
It’s a brave new world
Oh yea.. I forgot my 4 lithium powered robo vacume cleaners
Lithium chainsaw and leaf blower.
Not to mention the power tools.
Yep... the wave of the future.
It’s a brave new world
Oh yea.. I forgot my 4 lithium powered robo vacume cleaners
This post was edited on 11/14/21 at 2:54 pm
Posted on 11/14/21 at 3:36 pm to Guntoter1
I'm interested in the pharmaceutical aspect of this.
Posted on 11/14/21 at 3:49 pm to Auburn1968
lots of crazy ex girlfriends consume lithium
Posted on 11/14/21 at 5:24 pm to jamiegla1
quote:
lots of crazy ex girlfriends consume lithium
Lolololol
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