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re: Diving deeper on Standard Lithium?

Posted on 6/14/22 at 12:11 pm to
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
2912 posts
Posted on 6/14/22 at 12:11 pm to
Those sales look like needed income, not a bailing out.
Posted by AUHighPlainsDrifter
South Carolina
Member since Sep 2017
3179 posts
Posted on 6/14/22 at 12:18 pm to
So he's sold about 76k shares recently, but still owns 1.548 million shares. I'm not sure if there is anything to read into here.
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
18376 posts
Posted on 6/14/22 at 12:18 pm to
quote:

Mintak has sold a bunch of shares:

quote:

Director Robert Mintak sold 10,772 shares of the stock , the director now directly owns 1,547,999 shares in the company.


A bunch to you maybe but nothing to him.
Posted by Pendulum
Member since Jan 2009
7601 posts
Posted on 6/14/22 at 12:25 pm to
I might be crazy, but I feel this is all macro trends driving this stock down and I think we went a little too much too fast, in my opinion we are due for a little cat bounce going through this fed meeting, and this stock is the highest beta stock I got at the moment,

So I just sold everything but SLI in my roth and picked up a few hundred more shares at 4.30. (Dont have very much money in my roth.) Might just flip these in a few days.

I'm down a little on my big stack in my brokerage now; my avg was close to 5.

Yea and Mintak sold 4% of his stock in last month. Probably pretty prudent if he needed cash with the way interest rates are moving. We shall see if he sells down here, he sold three chunks at 7.50,6.50, and 5.80....but it's not very much considering his total holdings, looks pretty normal.
This post was edited on 6/14/22 at 12:27 pm
Posted by Auburn1968
NYC
Member since Mar 2019
23117 posts
Posted on 6/14/22 at 1:11 pm to
Guess RM needed some pocket change.


Standard Lithium Ltd (TSE:SLI – Get Rating) Director Robert Mintak sold 10,772 shares of the stock in a transaction on Monday, June 13th. The stock was sold at an average price of C$5.84, for a total value of C$62,873.30. Following the sale, the director now directly owns 1,547,999 shares in the company, valued at C$9,035,258.40.

Robert Mintak also recently made the following trade(s):

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On Friday, June 10th, Robert Mintak sold 34,658 shares of Standard Lithium stock. The stock was sold at an average price of C$6.86, for a total value of C$237,877.75.
On Wednesday, June 8th, Robert Mintak sold 29,570 shares of Standard Lithium stock. The stock was sold at an average price of C$7.51, for a total value of C$222,207.82.

Separately, Stifel Nicolaus assumed coverage on Standard Lithium in a research report on Tuesday, March 15th. They set a “buy” rating and a C$13.00 price objective for the company.
This post was edited on 6/14/22 at 1:12 pm
Posted by Drunken Crawfish
Member since Apr 2017
3857 posts
Posted on 6/14/22 at 1:21 pm to
Don't love that.
Posted by Elusiveporpi
Below I-10
Member since Feb 2011
2644 posts
Posted on 6/14/22 at 1:50 pm to
quote:

n Friday, June 10th, Robert Mintak sold 34,658 shares of Standard Lithium stock. The stock was sold at an average price of C$6.86, for a total value of C$237,877.75.
On Wednesday, June 8th, Robert Mintak sold 29,570 shares of Standard Lithium stock. The stock was sold at an average price of C$7.51, for a total value of C$222,207.82.


Boats aren't cheap.............
Posted by Fe_Mike
Member since Jul 2015
3539 posts
Posted on 6/14/22 at 4:06 pm to
He sold like 1% of his position…

I don’t know. I’m not going to “defend” the investment at this point as the markets are so bad that I don’t know if any investment is good.

I think this price is insane. I think there are near term catalysts that in a bull market would be great, but in a bear market might mean nothing because they won’t imply revenue soon. Problem is I just don’t know how low it’ll go in this market pre revenue. Back to $2 is not unrealistic, but if they get government money and/or start up this Construction it might shoot back up to $8.

Who the hell knows in this market. I wouldn’t volunteer investment advice on any one company during a drunken bar conversation. Everything is going down. We’ll all be speaking Chinese and working our Government assigned jobs soon anyway.
Posted by jamiegla1
Member since Aug 2016
7567 posts
Posted on 6/14/22 at 4:19 pm to
at least this thread is near the top of the first page again
Posted by Ballstein32
Member since May 2020
397 posts
Posted on 6/14/22 at 4:28 pm to
Unless you're day trading stick to the program....long term hold.

Ignore the daily ups and downs (and gauchos constant bitching) and realize this takes time for the process to play out.

The whole market is a mess right now...I've stopped looking at my accounts for the time being because it'll cause me some heartburn and anxiety.

That being said, I'm nowhere near retirement so I'll weather this storm and things will rebound eventually.
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
2912 posts
Posted on 6/14/22 at 6:18 pm to
My biggest litmus test at this point is if Koch is still invested. Fe Mike did you query RM about them?
Posted by GREENHEAD22
Member since Nov 2009
20057 posts
Posted on 6/14/22 at 6:55 pm to
They pull out this thing is going to 0
Posted by jimjackandjose
Member since Jun 2011
6636 posts
Posted on 6/14/22 at 6:56 pm to
If the Koch back out, yikes

Fwiw I picked up 3K shares hoping for a nice bounce back to 6 range
Posted by Capt ST
High Plains
Member since Aug 2011
13333 posts
Posted on 6/14/22 at 7:26 pm to
Koch not going anywhere, they got the money to gamble all while propping up their subsidiaries. Sure I wish I would have sold at 12 when I asked about exit strategy and was told It’s going to 26. It doesn’t seem to be an overly complicated process equipment wise.
Posted by PotatoChip
Member since May 2014
4198 posts
Posted on 6/14/22 at 7:49 pm to
Lot if week hands here now for no reason that I can see. Overall market hit lithium hard and SLI even harder. Story hasn’t changed and neither has Koch. Still breaking ground 1q 2023 and going to dominate lithium in a few years.
Posted by Fe_Mike
Member since Jul 2015
3539 posts
Posted on 6/14/22 at 8:47 pm to
quote:

My biggest litmus test at this point is if Koch is still invested. Fe Mike did you query RM about them?


Talked about Koch a good bit. Still very much invested and very much active in all of the activities at Lanxess and SW Ark sites.
Posted by ThermoDynamicTiger
Baton Rouge
Member since Jul 2008
1353 posts
Posted on 6/15/22 at 6:33 am to
I spoke with a buddy who worked for Koch a few years ago. Unprompted, he said they were the stingiest company he ever worked for. I mentioned SLI to him, and he said they would not have invested without doing some major DD.
Posted by Puffoluffagus
Savannah, GA
Member since Feb 2009
6323 posts
Posted on 6/15/22 at 8:03 am to
quote:

Still breaking ground 1q 2023 and going to dominate lithium in a few years.


Alright I'm convinced. Guess I'll add another 300-500 shares
Posted by PotatoChip
Member since May 2014
4198 posts
Posted on 6/15/22 at 2:17 pm to
Just need the PR firm to do their job until news releases are made
Posted by Auburn1968
NYC
Member since Mar 2019
23117 posts
Posted on 6/15/22 at 5:43 pm to
Ended today at $4.33. First time my average has gone negative. Wish I had some dry powder.
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