re: Diving deeper on Standard Lithium?

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for construction anticipated to begin next year.

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Not that anyone thought it would be bad, but...this release pretty much assures you the DFS looks good and it's all systems go.

That being said, looks like they (SLI) are preparing to fund the project themselves.

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Exclusive Financial Advisor for Limited Recourse Debt Financing to Fund Majority of First Commercial Project

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I wonder if Lanxess is backing out? Or maybe it is just to fund the majority of SLI's capex responsibility? Going it alone would be interesting. Keeping 100% of revenue and they don't have to mark the price down for Lanxess certainly isn't bad. But, that is a massive debt to take on long before generating revenue. I think I'd still prefer a partnership for the Lanxess site. I might try to reach out to them to see if they will clarify or enlighten me.

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can someone tell me in simple terms why is this a big news? I still hold a bag

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I wouldn't call it "big news" because you still have to make assumptions when reading it, but it is optimistic.

The next 'big news' that everyone is waiting on is the result of the DFS (definitive feasibility study). To oversimplify the DFS, it is the extremely extensive report which will tell SLI/investors whether it makes sense financially to build the Lanxess plant.

The DFS/FEED is far enough along at this point that the results are 'known' to Standard. It is reasonable to assume that SLI would not be enlisting the help of a debt advisory service if the results were negative and they didn't plan on taking on huge debt to fund the construction of the plant. Therefore it can be reasonably assumed that this PR is SLI broadcasting that they will be moving forward with a favorable final investment decision (FID) and construction for Phase 1 Lanx in the near term.

Up 7% premarket - curious to see just how favorably the market takes this news.

Also glad to see they’re ahead of the schedule with this and not waiting till the final deadline to get their strategy aligned.

Just another interesting data point. My shares were lent out at 16% over the weekend. A lot of short selling right now. Could compound the gains if good news is released.

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Just another interesting data point. My shares were lent out at 16% over the weekend. A lot of short selling right now. Could compound the gains if good news is released.

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Why so many shorts on this all of a sudden? I only have 5K shares but I've made a bunch of interest on the loans.

Well, some companies have reason to worry IF what this company is saying is true. They can truly be a market disruptor.

One thing they do is the continual press releases regarding a supposed class action suit against SLI purporting that they put out false information.

I get a notification from TD Ameritrade about every 3 days or so. Certainly got one just minutes after today’s PR.

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One thing they do is the continual press releases regarding a supposed class action suit against SLI purporting that they put out false information.

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What! SLI didn't attend that conference or left early?

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So the suit alleges that the LiSTR DLE tech's efficiency was overstated. How would they even know that?

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They don’t know it.

Are you familiar with the Blue Orca short report that was released?

In a nutshell, they took two unrelated data points, claimed they were related, and left out a huge caveat to come up with their claim that the tech isn’t as efficient as publicized. I’ll try to give you the spark notes. I don’t remember the numbers off hand so whatever I post below is just in example. But it’s in the same order of magnitude of dumbassery.

1) SLI claims in press releases that they have been running their pilot plant 24/7
2) SLI is required to report to the state how much lithium the pilot plant extracts as part of its R&D permit. This reporting is public domain.
3) SLI’s demonstration plant is advertised to produce (waving hands) 100 MT/yr LiOH. They only reported (waving hands) 5 MT over the year. Blue Orca/the suit claims this means that SLI’s recovery rate is actually less than 5% as opposed to the 95%+ that Standard claims. Just….absurdly ignorant difference.

The reality is that although the pilot plant was running 24/7, it wasn’t taking lithium out of the process. SLI isn’t allowed to sell it so there would be no point. They simply produce it as proof of concept/data collection, then mix it all back in with the tail brine and reinject it. If they reinject it, which they do for a vast majority of the pilot plant product, they don’t have to report it. Blue Orca fails to account for this wildly important detail.

In short, the report is baseless and unfounded and If you ever meet Soren Aandahl, punch him in the face.