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re: Diving deeper on Standard Lithium?

Posted on 1/9/24 at 8:43 am to
Posted by Richleau
Member since Dec 2018
3268 posts
Posted on 1/9/24 at 8:43 am to
ATLX seems well perched. Still far away from their eventual 3 billion MC. Maiden report is coming out in Q1 and it should show they have the largest untapped lithium deposits in the region. With money already provided to get their processing plant built this year, should be a fun ride, 3x-10x from this point forward imo.
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
18327 posts
Posted on 1/9/24 at 8:49 am to
I hate to be that guy but this is going under a $1. I'm in it long term but looking at the chart this is where it's headed.
Posted by gautamj
Member since Sep 2023
59 posts
Posted on 1/9/24 at 9:04 am to
Saw this news from Tetra

LINK

I thought SLI had the rights to extract lithium from Tetra's Arkansas brines. Not sure why SLI did not release any news on this.
Posted by Richleau
Member since Dec 2018
3268 posts
Posted on 1/9/24 at 9:06 am to
Why in the world do you think that? It's at 30+ right now. The production plant, the MOUs, the confirmed lithium deposits, neighbor valuations with similar valuations, etc.

Under a dollar? We talking about the same stock?
Posted by SmackoverHawg
Member since Oct 2011
28919 posts
Posted on 1/9/24 at 9:25 am to
quote:

I thought SLI had the rights to extract lithium from Tetra's Arkansas brines. Not sure why SLI did not release any news on this.


The SWA site used to be Tetra's. SLI acquired the rights from them. The link was referring to new leases Tetra had. They had a sodium plant at the SWA site that went kaput.
Posted by gautamj
Member since Sep 2023
59 posts
Posted on 1/9/24 at 1:24 pm to
Read this in an article LINK

"Speaking privately, bankers say that multiple deals they were working on last year with automakers have failed, as the potential buyers start to take a view that the push for EVs will be slower than first expected and the need to secure materials is less urgent."

Could be this what happened to our suppose deal with a "recognized household name"?

This post was edited on 1/9/24 at 1:25 pm
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
2897 posts
Posted on 1/9/24 at 2:01 pm to
Could be that, or could be that Robert Milton was not quite honest.
Posted by LSUSLU106
Member since Mar 2015
654 posts
Posted on 1/10/24 at 9:46 am to
This thing ever going to go back up?
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
2897 posts
Posted on 1/10/24 at 10:48 am to
On one hand I like the silence, routine "investor conference" announcements scream fake company to me.

But then again the longer the "household name" stays hidden, that screams that mintak is still the guy the fudsters say he is.

I'm hoping my lack of faith in company leadership lately is punished by a massive run.
Posted by jamiegla1
Member since Aug 2016
7558 posts
Posted on 1/10/24 at 11:16 am to
i bet if lithium demand reversed course and started going up, you could make money on a scam company
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
2897 posts
Posted on 1/10/24 at 11:23 am to
That's my hope and think there's little risk buying at these levels. TBH, if it were high enough to encourage the shorts and share lending, I'd be content to keep my trap shut about management.
Posted by FMtTXtiger
Member since Oct 2018
4525 posts
Posted on 1/10/24 at 5:31 pm to
Now that Saban retired, can this go up? Would be a good start to my year.
Posted by jamiegla1
Member since Aug 2016
7558 posts
Posted on 1/10/24 at 7:39 pm to
I dont think the next lithium boom, if there is one, will be as kind to SLI
Posted by gautamj
Member since Sep 2023
59 posts
Posted on 1/11/24 at 8:57 am to
Time to test the 52-wk low that happened on 13th December. Once again, I'm at the verge of being margin called.

I really really hope this doesn't drop further.
Posted by jchamil
Member since Nov 2009
17977 posts
Posted on 1/11/24 at 9:17 am to
quote:

I really really hope this doesn't drop further.


Oh it will
Posted by Pierre
Baton Rouge
Member since Nov 2005
5382 posts
Posted on 1/11/24 at 9:33 am to
So what’s the group consensus here. Cut losses, hold and pray, or is there legit shot at this being undervalued and hitting 6,7,8 $ again ?
Posted by gautamj
Member since Sep 2023
59 posts
Posted on 1/11/24 at 9:50 am to
I'm in the "hold and pray" category.

I think it all depends on how the $3.1 billion estimated NPV of the SWA project is discounted for risk by a potential partner/buyer.

I honestly believe if they sold the company, they could get $6-7 or maybe I'm just kidding myself.
Posted by ev247
Member since Nov 2022
444 posts
Posted on 1/11/24 at 11:30 am to
Since they have transitioned from a tech company to a project developer their only hope is to get further along on their projects. I don’t see random sentiment playing a huge role here and developing the 3 projects will take time. I really think they are handcuffed by the lack of a mineral royalty decision until (at least) the Jan 23 hearing and can’t expect any meaningful news until then.

I think Liontown was several months past their big project’s DFS when Albemarle starting trying to buy them. SLI hasn’t started their big DFS yet. Then the third project is even bigger so a buyout should be even farther away if maximizing value.

Positive grant news might help to further legitimize the company as well. Hopefully before April

ETA maybe start SWA DFS soon, but I think they planned to fund that with the $50M shelf offering. Would be a bad time to dilute at current share price. And only like $28M left in cash
This post was edited on 1/11/24 at 11:33 am
Posted by kengel2
Team Gun
Member since Mar 2004
32887 posts
Posted on 1/11/24 at 12:44 pm to
Should have known when they built a shed and called it progress.
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
2897 posts
Posted on 1/11/24 at 1:54 pm to
Might be time to can Mintak and relabel themselves Standard lithium leases.
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