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re: Diving deeper on Standard Lithium?

Posted on 1/19/22 at 9:24 am to
Posted by Fe_Mike
Member since Jul 2015
3538 posts
Posted on 1/19/22 at 9:24 am to
Cmon SLI….

You can do it…
Posted by Beerinthepocket
Dallas
Member since May 2011
871 posts
Posted on 1/19/22 at 9:27 am to
I doubt this is correct. Koch isn’t going to invest $100M into a company with tech that doesn’t work in an effort to fix the tech.

In reality, the fundamentals of this company are better than they were in October when it was at $12. The improvements in fundamentals since then are the $100M cash infusion by Koch and Lithium is now over $40,000/mt. Keep in mind that SLI’s projects were profitable at around $13,000/mt.

I’ve sold some $7.50 puts which will likely execute on Friday and I’ve recently sold February $5 puts.
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 1/19/22 at 9:28 am to
I sold my last chunk of shares at $6.20 today. So y'all can thank me for the inevitable rip higher in the days/weeks to come. Made a lot of money and learned a lot of lessons here. I got lucky and should have never had so much of my portfolio tied up in one stock. Looking back, most of the returns here were from the lithium bull market and one could have gotten similar returns in buying a basket of SGML/LAC/LLKKF, so no need to take so much risk on one company. There does seem to be a similar dynamic where crypto stocks never recovered after the initial bull run, even when BTC prices hit an all time high. Seems like lithium stocks have stopped keeping pace with lithium prices which are at an all time high currently.

I do hope this crash lights a fire under Mintak to finally get measurable progress done, but I have my doubts. If they don't get to chopping wood this could see $3 again in this risk off environment. Hoping I can rebuy once there is clearer direction here that the project will be moving forward. Stay safe out there and guard your $ in this macro environment which is not safe for small caps... GL to all still invested here, I'll still be keeping watch!
This post was edited on 1/19/22 at 9:31 am
Posted by tiger91
In my own little world
Member since Nov 2005
39245 posts
Posted on 1/19/22 at 9:33 am to
His wife has a FB page for the baby ... that child is beautiful and growing!!! God is good.
Posted by deltaland
Member since Mar 2011
96841 posts
Posted on 1/19/22 at 9:45 am to
quote:

knew we were having a bad day, but I open the thread to see we're at the point of selling plasma. Oof.


Don’t feel bad, I’m hauling a trailer load of scrap metal today
Posted by PotatoChip
Member since May 2014
4198 posts
Posted on 1/19/22 at 9:51 am to
Did anything happen to justify a 40% drop in market cap the last weeks? My plan has been too hold my shares until commercial production. That is still my goal, and I feel like this thing is way oversold reaching back to the uplisting price. I knew there would be bumps the next couple years, but this large of a drop so fast makes me scratch my head.
Posted by CharleyLake
Member since Oct 2006
1404 posts
Posted on 1/19/22 at 9:51 am to
Appreciate the straightforward comments. Keep your ears to the corner and let us know if you determine that there is "clearer direction." I will remain invested hear for a good while.
Posted by deltaland
Member since Mar 2011
96841 posts
Posted on 1/19/22 at 9:52 am to
Koch was 250 mil at 7.40 a share right?

So they’ve lost roughly 50 million already

Oof
Posted by Beerinthepocket
Dallas
Member since May 2011
871 posts
Posted on 1/19/22 at 9:54 am to
$100M at $7.42 a share. They cannot sell any shares at this time so it’s not possible for them to have any sort of realized loss.
Posted by GeneralLee
Member since Aug 2004
13877 posts
Posted on 1/19/22 at 9:55 am to
No they were for $100 million total in shares @ $7.42/share. So they are down ~18% or $18M.
Posted by deltaland
Member since Mar 2011
96841 posts
Posted on 1/19/22 at 9:58 am to
I don’t know why I had 250 million in my head I think I confused it with the NAKD merger with Cenntro
Posted by deltaland
Member since Mar 2011
96841 posts
Posted on 1/19/22 at 10:00 am to
I can’t afford to replace my broken door handle

Posted by el Gaucho
He/They
Member since Dec 2010
56844 posts
Posted on 1/19/22 at 10:02 am to
Thanks man

It was about to be green and then you sold

Anyway I’m probably just gonna hold til this is 0 or whatever
Posted by el Gaucho
He/They
Member since Dec 2010
56844 posts
Posted on 1/19/22 at 10:09 am to
Speaking of selling plasma for cash, I looked into selling my brain and answered an ad online but they saw the Sli in my E*TRADE and said sorry no intellectually disabled people
This post was edited on 1/19/22 at 10:35 am
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
33985 posts
Posted on 1/19/22 at 10:10 am to
Gorilla Tape TYFYS
Posted by Auburn1968
NYC
Member since Mar 2019
23106 posts
Posted on 1/19/22 at 10:24 am to
quote:


Did anything happen to justify a 40% drop in market cap the last weeks?


Mintak's last presentation was essentially another delay from the anticipated time line for production. It was one of several broken timelines and seems to be losing the head start that SLI has. That's a highly deflating pattern.
Posted by Mizzoufan26
Vacaville CA
Member since Sep 2012
18765 posts
Posted on 1/19/22 at 10:26 am to
quote:

said sorry no retards


As a father to an Alabama fan I really don’t appreciate this type of language, it’s 2022 for crying out loud, be better
Posted by el Gaucho
He/They
Member since Dec 2010
56844 posts
Posted on 1/19/22 at 10:35 am to
I edited it for you
Posted by Who_Dat_Tiger
Member since Nov 2015
22397 posts
Posted on 1/19/22 at 10:42 am to
quote:

This is taking a chance BUT I'm a mom of 3, the youngest a girl who is almost 21 ... I'd love to send something to your baby girl ... if you'd be so inclined (and I understand if not) send me a mailing address??
sent
Posted by SmackoverHawg
Member since Oct 2011
28964 posts
Posted on 1/19/22 at 10:44 am to
ORGN taking a beating despite some positive pr. Small caps getting smashed.

Just treading water for now and freeing up cash. Gonna hold my SLI for foreseeable future. Am glad I reallocated my portfolio or it’d be murderous.
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