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re: Diving deeper on Standard Lithium?

Posted on 1/24/22 at 11:47 am to
Posted by BigPerm30
Member since Aug 2011
29422 posts
Posted on 1/24/22 at 11:47 am to
My cost average is $3.21. I was feeling comfortable but who the hell knows at this point.
Posted by KCRoyalBlue
Member since Nov 2020
1506 posts
Posted on 1/24/22 at 1:04 pm to
I bought a single, solitary share of SLI today. Up to 784 total.

Paging Supadave.
Posted by AUHighPlainsDrifter
South Carolina
Member since Sep 2017
3179 posts
Posted on 1/24/22 at 1:35 pm to
quote:

You can have my hat


Call Mintak and ask if you can trade it in on a hard hat
Posted by deltaland
Member since Mar 2011
96848 posts
Posted on 1/24/22 at 1:48 pm to
Fun fact: one share of SLI is cheaper than a double quarter pounder combo at McDs
Posted by el Gaucho
He/They
Member since Dec 2010
56850 posts
Posted on 1/24/22 at 1:48 pm to
I shoulda sold when it was only -5% down
Posted by boomtapp
Houston, Tejas
Member since Nov 2007
703 posts
Posted on 1/24/22 at 2:11 pm to
quote:

Based on what? I am genuinely asking.


Honestly I'm not sophisticated. (1) each major dip has been met by a swift (but temporary) recovery. I figure I can swing trade this in the short term. Even if next week it drops another 10%, my guess is over the next 24 hours it gains again above 6 - as I write this, this purchase is up 6% (2) Koch isn't interested in losing money.
This post was edited on 1/24/22 at 2:13 pm
Posted by Auburn1968
NYC
Member since Mar 2019
23108 posts
Posted on 1/24/22 at 2:16 pm to
quote:

Koch isn't interested in losing money.


That's the most reassuring factor that the JV is going to happen.
Posted by BigPerm30
Member since Aug 2011
29422 posts
Posted on 1/24/22 at 2:44 pm to
$6??? We may be eating sirloin tonight, baws!
Posted by el Gaucho
He/They
Member since Dec 2010
56850 posts
Posted on 1/24/22 at 2:50 pm to
quote:

We may be eating sirloin tonight, baws!


I didn’t know cats have sirloins
Posted by Tower_Tiger12
Member since Jan 2021
983 posts
Posted on 1/24/22 at 3:32 pm to
They’re just really small
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/24/22 at 4:06 pm to
When your cost basis is $12.90
Posted by el Gaucho
He/They
Member since Dec 2010
56850 posts
Posted on 1/24/22 at 5:16 pm to
It’s a long term hold bro just keep averaging down
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 1/24/22 at 5:23 pm to
quote:

I didn’t know cats have sirloins



quote:

They’re just really small




If you guys ever want to go on the road, I’d like to be your promoter.
Posted by SwampCollie
Louisiana
Member since Nov 2018
284 posts
Posted on 1/25/22 at 2:47 am to
Posted by CollegeFBRules
Member since Oct 2008
24785 posts
Posted on 1/25/22 at 6:09 am to
quote:

Key Points:

Develop a market-based pricing mechanism for Koch Minerals & Trading to procure off-take at the Company’s South West Arkansas Project.

Leverage Koch’s global procurement capabilities to assist in sourcing key raw materials.

The Letter of Intent will not impact the Company’s existing or contemplated arrangements with LANXESS.
Posted by GREENHEAD22
Member since Nov 2009
20054 posts
Posted on 1/25/22 at 6:13 am to
Shifty timing, any momentum from this is going to be knocked in the head by the overall market tanking.
Posted by Elusiveporpi
Below I-10
Member since Feb 2011
2642 posts
Posted on 1/25/22 at 6:44 am to
Sounds like they now have a buyer lined up for any lithium produced. They have the last step in the process ironed out, now they just need to start the the first 99 steps.

From what I have read, there isn't much of a use for the lithium in the US as of now. Most lithium is used overseas and then shipped as final product back to US. I do think this is a good move until the lithium can be used in the US. This dynamic may change by the time SLI is in production in 2+ years
This post was edited on 1/25/22 at 6:56 am
Posted by jimjackandjose
Member since Jun 2011
6635 posts
Posted on 1/25/22 at 7:03 am to
A bunch of battery plants will come on line in next few years on this side of ocean
Posted by Shepherd88
Member since Dec 2013
4808 posts
Posted on 1/25/22 at 7:17 am to
Does Koch have the strength to just take complete control of SLI? Something makes me think lanxess standing in the way is the only thing preventing thus from happening.
Posted by Who_Dat_Tiger
Member since Nov 2015
22413 posts
Posted on 1/25/22 at 7:21 am to
Was wondering the reason all my stocks are down premarket but SLI is up bigly
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