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re: Diving deeper on Standard Lithium?

Posted on 2/8/24 at 11:52 am to
Posted by ev247
Member since Nov 2022
332 posts
Posted on 2/8/24 at 11:52 am to
I sure hope so. In the meantime they’re authorized to dilute by $50M and have so far (as of Dec 31, so probably more by now) used about $3M of that. Glad they haven’t had to halt operations due to low lithium prices at least

Eta Earnings report also says that they've concluded drilling in East Texas. I think they had until November of this year to exercise those Cass County options to lease
This post was edited on 2/8/24 at 12:56 pm
Posted by NOLAGT
Over there
Member since Dec 2012
13559 posts
Posted on 2/8/24 at 12:40 pm to
quote:

deltaland


Exactly
This post was edited on 2/8/24 at 12:47 pm
Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
9383 posts
Posted on 2/8/24 at 1:20 pm to
quote:

quote:
Took my loss and dumped it into nvda.


SLI +13.5%
NVDA -2.2%


Usually how it goes for me, too


BTW - I rode this turd from $0.70s to $12 and back to present, unfortunately adding to my position. Was up $60K at one point


Man, I rarely look at this thread anymore but continue to be surprised at how this played out for so many. I got in late at $2.12 and after after it spiked into the 12's and then dropped back into the 11's I said f it I'm selling. Made over $50k tax free using loss carry forward offsets. Maybe being retired has made me more loss averse.
Posted by ThermoDynamicTiger
Baton Rouge
Member since Jul 2008
1289 posts
Posted on 2/8/24 at 1:29 pm to
What is it? Pigs get fed and hogs get slaughtered?
Posted by beaverfever
Little Rock
Member since Jan 2008
32868 posts
Posted on 2/8/24 at 9:37 pm to
It’s crazy that this thread has been going for almost 4 years and there’s still no real timetable for revenue, much less profitability. What a massive waste of time and money.
Posted by FLObserver
Jacksonville
Member since Nov 2005
14522 posts
Posted on 2/9/24 at 4:08 am to
What cracks me up is all the time and energy spent pushing this turd when you could have bought almost any other S&P 500 stock or tech stock in the last 3 years and probably quadrupled what was invested here. I think the only people invested in this stock are the people on this board.
This post was edited on 2/9/24 at 4:09 am
Posted by Fe_Mike
Member since Jul 2015
3209 posts
Posted on 2/9/24 at 7:09 am to
quote:

What cracks me up is all the time and energy spent pushing this turd when you could have bought almost any other S&P 500 stock or tech stock in the last 3 years and probably quadrupled what was invested here. I think the only people invested in this stock are the people on this board.


Not sure you really understand how pre-revenue, start up, speculative investing works. It's called diversification.

Being invested in this (or any startup) doesn't mean one has inherently missed out on the rest of the stock market. It's not "pick one and ride with it".

I've got a chunk of change in this, yes, but it isn't even on the same order of magnitude as my lower risk, actual retirement investments.

Not to mention, "in the last 3 years" SLI had a massive run of 400%+. I made a lot of money on that. Way more than if I had just parked the original investment in the S&P 500 and sat on it.

Also:
quote:

you could have bought almost any other S&P 500 stock or tech stock in the last 3 years and probably quadrupled what was invested here


Please show me all of these S&P500 stocks that have quadrupled in the last 3 years. Meanwhile, I actually quadrupled a nice chunk of my investment in SLI over the last 3 years.
This post was edited on 2/9/24 at 8:00 am
Posted by Auburn1968
NYC
Member since Mar 2019
20047 posts
Posted on 2/9/24 at 9:58 am to
quote:

In the meantime they’re authorized to dilute by $50M


Too bad they didn't pay better attention to the stock prices and had to do this when the price was under $2.
Posted by FLObserver
Jacksonville
Member since Nov 2005
14522 posts
Posted on 2/9/24 at 10:29 am to
quote:

Please show me all of these S&P500 stocks that have quadrupled in the last 3 years.

Really Guy? IF you owned NVDA,LLY and many others you have watched these ROCKET in the last few years. Three years later which would you currently be in ? This Turd or say NVDA or LLY? Glad you made money off of this but many got taken to the cleaners because of this thread.
Posted by Fe_Mike
Member since Jul 2015
3209 posts
Posted on 2/9/24 at 12:34 pm to
Haha, okay “guy”.

You have two examples of stocks that have done really well in the past 3 years out of 500. That definitely equates to “almost any S&P 500 stock”.

And I do own a fair bit of NVDA.

As I said, owning one stock does not preclude you from owning other stocks.

Calm down, buddy. If you’re that mad about it, you probably can’t afford to play this game anyway. Shouldn’t have put the mortgage on red.

Posted by FLObserver
Jacksonville
Member since Nov 2005
14522 posts
Posted on 2/10/24 at 12:55 pm to
quote:

Calm down, buddy. If you’re that mad about it, you probably can’t afford to play this game anyway. Shouldn’t have put the mortgage on red.

You asked for examples i gave you some. There are many more in that 500 and then you go on the defensive. You made your money pumping a stock that will be out of business in the next year or two congrats.
Posted by Fe_Mike
Member since Jul 2015
3209 posts
Posted on 2/10/24 at 6:09 pm to
quote:

You asked for examples i gave you some.


Haha, nah man. You said, and I quote, “almost any S&P 500 stock” would have quadrupled your money in the past 3 years.

2 out of 500 is not “almost any”. That’s 0.4%.

It’s clear the quality of investor I’m talking to, and it’s not worth the time.

Best of luck.

Posted by jimjackandjose
Member since Jun 2011
6512 posts
Posted on 2/11/24 at 5:23 pm to
Saw a chart today showed pretty much the entire market is bear or flat except 7 stocks for last 3 yrs
Posted by FLObserver
Jacksonville
Member since Nov 2005
14522 posts
Posted on 2/12/24 at 6:08 am to
Good luck with this.
This post was edited on 2/12/24 at 6:26 am
Posted by Pendulum
Member since Jan 2009
7068 posts
Posted on 2/12/24 at 6:26 am to
What's with the bitterness? Apparently you learned something from this thread. Why play in prerevenue when you could easily just have bought a couple of the best performing stocks in the sp500 and held?
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
2045 posts
Posted on 2/12/24 at 7:48 am to
Salt lake to be mined for lithium- Lilac


The further we go, the more I feel that SLI's moat was greatly oversold. I'd love to move on to something else but I bit into the sales pitch hook line and sinker and am committed for awhile.
Posted by SmackoverHawg
Member since Oct 2011
27387 posts
Posted on 2/12/24 at 10:43 am to
That's why I started selling mine at $12.90, and I was clear and open with the board about it.

If it makes you feel better, I'm down about 70% on my reinvestment in SLI.

We went from $.51 to $12.90. I started at $.37. Went from OTC to listed on the NYSE. Sorry you missed the ride. I hoping to ride it up again, but no...I am not as confident as I once was, but haven't given up enough to bail and eat a $200k loss and my second spin of the wheel of misfortune.
Posted by ev247
Member since Nov 2022
332 posts
Posted on 2/12/24 at 10:53 am to
Just listened to their first conference call. Mostly a review but an analyst asked what the scale of East TX will be and was told that it isn’t public info yet but “Many X of SWA” and the first report on it is expected by the end of this calendar year. Which is nice because the one thing I trust they can do is secure a resource


Eta Their East TX footprint must be much larger than the 25k+ acres that we know about in Cass County, since that alone is roughly equal to SWA acreage
This post was edited on 2/12/24 at 2:43 pm
Posted by ev247
Member since Nov 2022
332 posts
Posted on 2/13/24 at 1:42 pm to
From a pay site yesterday, regarding royalty decision

“Lanxess and Arkansas Lithium appeared before the Oil & Gas Commission and met most of the requirements of the commission except for one. So the matter has been postponed or rescheduled for April 23 of this year.”

Wonder what that one requirement is.
Either way, IR sounded pretty confident that they'll get the decision in April when I asked them
Posted by bet84
Texas
Member since Jul 2021
103 posts
Posted on 2/15/24 at 3:00 am to
This looks like an interesting article about East Texas lithium prospects, but it requires a subscription. Does anyone have a subscription with Longview News-Journal? Highlights...?

LINK
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