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Started By
Message
1
Posted on 2/24/22 at 9:14 am to el Gaucho
Dang only down 4 nice
Posted on 2/24/22 at 9:23 am to kengel2
quote:
Maybe I can use this to pay for my kids college instead of the boat we were supposed to go fishing on.
I don't know man. Do the kids reaaally need to go to college?
Posted on 2/24/22 at 9:23 am to AUHighPlainsDrifter
They’re gonna have to pay for my retirement some how.
Posted on 2/24/22 at 9:26 am to Fe_Mike
That's a good point. Try not to piss them off.
Posted on 2/24/22 at 9:31 am to Fe_Mike
Hope so. I've been in places where it is an upward climb to zero so I bought 1300 additional shares.
Posted on 2/24/22 at 9:43 am to Dock Holiday
quote:
My take is there is now a three way partnership with Koch, Lanxess, and SLI, with SLI being the center piece/conduit.
Not really. Lanxess drug their feet and didn't keep up their end of the bargain. Their bullshite is what allowed the two short attacks. I feel much better now that they are essentially out of the loop. There was a contingent within Lanxess pushing them to continue to fund and gtfo the way, but they lost out a few weeks ago. The question was how things would play out with the brine supply. For a bit, everything at the demo plant was shut down. I didn't mention it because depending on who you listened to it could be a good sign or bad. There's no one on site that really knows shite about the big decisions, so it's just people inferring what they think from what they see/hear.
I've said for awhile that I thought SLI was pushing for a higher stake after funding more than agreed upon. Glad to see them shove it up Lanxess' arse.
Mintak just told the Germans, "I'm the captain now!".
It also gives me confidence that SLI has met the original goals/metrics set out in original agreement. I think things got a little more costly and slowed down because of COVID, supply chain etc. Then they made two big acquisitions and depleted their cash flow and got cold feet. I can't help but believe this current agreement was able to take place unless Lanxess breeched the agreement with SLI after SLI met their requirements. Notice Lanxess said it was proven to their satisfaction and SLI said they had met proof of concept over a year ago.
I'm holding 30,000 shares and will likely add more now that Lanxess is out. I'm hopeful time frames may speed up as well. Not going to count on it, but the main hurdle is out of the way. Hell, now I'm not so sure the Germans weren't behind the short attacks trying to gain leverage.
Posted on 2/24/22 at 9:49 am to SmackoverHawg
Koch has enough money and power to buy Lanxess' brine interests if they want to.
Posted on 2/24/22 at 10:04 am to Auburn1968
quote:
Koch has enough money and power to buy Lanxess' brine interests if they want to.
If Lanxess keeps it up, Koch will be able to get them cheap. Glad I got pissed at them about SLI and dumped my shares. They have been very disappointing over the last year.
Posted on 2/24/22 at 10:30 am to Fe_Mike
I see many positive points in the announcement of the final agreement.
I like words such as "streamlines" and "expedites".
Standard Lithium's position has moved from 40% maximum to 51% Minimum and 100% maximum.
The original term sheet indicated SLI would contribute Smackover leases, so I am relieved to see clarification that SLI retains 100% ownership of the South West Arkansas Project.
The agreement states the Project Company will be operating with a license to use the IP, but SLI will retain 100% ownership of the relevant IP. SLI is free to use its IP at its 100% owned South West Arkansas Project, certain other sites in Arkansas(maybe leases owned by Galvanic Energy? just speculating here) and sites outside of Arkansas.
Lanxess must ratably share in the costs if acquiring an ownership interest and buy desired lithium at market prices.
The 2nd and 3rd projects on Lanxess properties will use similar contractual structure as the 1st project.
The funding portion of the agreement seems to have flipped from Lanxess to SLI, so SLI will incur more costs, but will also have a larger percentage of the reward. I'm good with that based on the estimated cost per ton versus the projected price per ton.
I believe Koch's investment and involvement has allowed SLI to negotiate a more solid position in the agreement and at the same time allows Lanxess some flexibility if the company has extended themselves in other projects and therefore no longer wants to participate at the same level as originally intended.
I've been holding long for almost a year, since I first heard about SLI. No regrets. I'm still expecting a great future for SLI and I'm glad I have a couple of hats.
I like words such as "streamlines" and "expedites".
Standard Lithium's position has moved from 40% maximum to 51% Minimum and 100% maximum.
The original term sheet indicated SLI would contribute Smackover leases, so I am relieved to see clarification that SLI retains 100% ownership of the South West Arkansas Project.
The agreement states the Project Company will be operating with a license to use the IP, but SLI will retain 100% ownership of the relevant IP. SLI is free to use its IP at its 100% owned South West Arkansas Project, certain other sites in Arkansas(maybe leases owned by Galvanic Energy? just speculating here) and sites outside of Arkansas.
Lanxess must ratably share in the costs if acquiring an ownership interest and buy desired lithium at market prices.
The 2nd and 3rd projects on Lanxess properties will use similar contractual structure as the 1st project.
The funding portion of the agreement seems to have flipped from Lanxess to SLI, so SLI will incur more costs, but will also have a larger percentage of the reward. I'm good with that based on the estimated cost per ton versus the projected price per ton.
I believe Koch's investment and involvement has allowed SLI to negotiate a more solid position in the agreement and at the same time allows Lanxess some flexibility if the company has extended themselves in other projects and therefore no longer wants to participate at the same level as originally intended.
I've been holding long for almost a year, since I first heard about SLI. No regrets. I'm still expecting a great future for SLI and I'm glad I have a couple of hats.
Posted on 2/24/22 at 10:49 am to SmackoverHawg
Exactly.
One of my biggest risk factors in this has been if Lanxess doesn’t commit and pulls out, SLi is for all intents and purposes dead. Because Lanxess controls THE raw material asset. Now we have a signed agreement saying that even if Lanxess elects not to be involved in the project at all, SLi can still access the brine. Risk mitigated.
Koch has the capital. That’s not a concern.
We have just become yet again seriously derisked. Market is going to react to this news eventually.
One of my biggest risk factors in this has been if Lanxess doesn’t commit and pulls out, SLi is for all intents and purposes dead. Because Lanxess controls THE raw material asset. Now we have a signed agreement saying that even if Lanxess elects not to be involved in the project at all, SLi can still access the brine. Risk mitigated.
Koch has the capital. That’s not a concern.
We have just become yet again seriously derisked. Market is going to react to this news eventually.
Posted on 2/24/22 at 10:56 am to Fe_Mike
What if I got drafted and Sli didn’t go down
Gonna get me a ukrainegf and a Nissan truck
Gonna get me a ukrainegf and a Nissan truck
Posted on 2/24/22 at 10:57 am to bet84
quote:
I've been holding long for almost a year, since I first heard about SLI. No regrets.
Same here. I just wish there was a separate drama thread and this one aimed at real discussion like you added.
Posted on 2/24/22 at 11:49 am to Wraytex
bet 4 commented "I'm still expecting a great future for SLI and I'm glad I have a couple of hats."
Wraytex, why do you think that comment was aimed at a real discussion?
Wraytex, why do you think that comment was aimed at a real discussion?
Posted on 2/24/22 at 11:56 am to Fe_Mike
SLI's IP may be worth more than anything else. Licensing and consulting for a fat royalty is possible.
Posted on 2/24/22 at 12:01 pm to CharleyLake
Before y’all go saying it has to be real because they have hats and t shirts, I actually own an Enron t shirt
Posted on 2/24/22 at 12:05 pm to Fe_Mike
quote:
They also may have picked the worst possible market day in the last 20 years to make this announcement
Posted on 2/24/22 at 12:09 pm to Shamoan
Is that Putin?
Posted on 2/24/22 at 12:12 pm to jimbeam
basically.
Posted on 2/24/22 at 12:16 pm to jimbeam
I think it’s that dude Max headroom from the 80s
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