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Started By
Message
2
Posted on 5/8/24 at 11:47 am to ColoradoAg03
3.54 average. I'm hoping this partnership forces the immediate drop of "near term commercial" from all PR
Posted on 5/8/24 at 12:09 pm to ColoradoAg03
Screw it! I'm in for another 1400 shares.
Damn good thing wine gets better with age. Our mixer may not happen this decade.
Damn good thing wine gets better with age. Our mixer may not happen this decade.
Posted on 5/8/24 at 1:15 pm to AUHighPlainsDrifter
I figured if I can lower my avg by $1 on a big PR day that de-risks and kills dilution (hopefully), might as well pull the trigger.
Posted on 5/8/24 at 6:06 pm to ColoradoAg03
Dammit. I'm gonna have to buy more now.
Just added 10k more shares. Let's ride.
Just added 10k more shares. Let's ride.
This post was edited on 5/8/24 at 6:20 pm
Posted on 5/8/24 at 6:49 pm to SmackoverHawg
quote:
Dammit. I'm gonna have to buy more now.
Just added 10k more shares. Let's ride.
Posted on 5/8/24 at 7:19 pm to SmackoverHawg
Added a good chunk. Holding way too much frick it let’s ride !!
Posted on 5/8/24 at 7:59 pm to Pierre
At this point another 500 shares is a drop in the bucket so picked it up today on the news. Equinor is pretty much the state oil company of Norway.
Lord I need this thing to pan out.
Lord I need this thing to pan out.
This post was edited on 5/8/24 at 8:37 pm
Posted on 5/8/24 at 8:07 pm to GREENHEAD22
quote:
Equinor is pretty much the state oil company of Norway.
And I'm sure they understand the importance and value of "green" lithium if improving the environment is the actual goal.
Posted on 5/9/24 at 6:19 am to SmackoverHawg
I actually started a position in EQNR
Posted on 5/9/24 at 6:32 am to Shepherd88
Posted on 5/9/24 at 7:13 am to ev247
quote:
FeMike does the fact that they have announced this partnership before a Phase 1A partnership affect your prediction on if Phase 1A still happens or not?
I don't think the timing of this really impacts my thoughts on Phase 1A. I've been skeptical since my last call with them as to how much priority they are giving Phase 1A, though. Still wouldn't be surprised at all for it to get put on the back burner, although if I had to bet I'm on the side of more likely than not it breaks ground first.
Wonder if they pushed the royalties meeting so that they had the weight of Equinor at the table for when discussions resume.
Posted on 5/9/24 at 7:23 am to Fe_Mike
quote:
Wonder if they pushed the royalties meeting so that they had the weight of Equinor at the table for when discussions resume.
I was telling a buddy that yesterday who is also invested. With Exxon being the big dog at the discussion table now, SLI needs someone big at the table on their behalf to not get bullied into royalty oblivion by Exxon.
Posted on 5/9/24 at 7:32 am to Fe_Mike
Market has got to recognize the significance of this partnership soon.
Absolute worst case scenario, SLI just got a $160M investment for 45% of the company. That's a $350 mil valuation which should put the share price over $2. So if you're reading this in the most pessimistic way possible, share price should still be 60% higher.
In reality, SLI just got $160M (with $30M cash up front) to fund near term operations and development that is no strings attached. No repayment, no interest, no nothing. It's a good faith down payment. Equinor will fund 45% of the capex for SWA Ark ($600M) and 45% of the capex for East TX (who knows, probably represents north of $1B extremely conservatively).
That basically represents a back of the napkin $2B investment for 45% of the company assuming success, or a valuation of 4.4 billion. $25/share.
Now that obviously needs to be discounted and the real number is somewhere between; but this is no-joke, real deal news, in my opinion. Totally non-biased view of course.
Absolute worst case scenario, SLI just got a $160M investment for 45% of the company. That's a $350 mil valuation which should put the share price over $2. So if you're reading this in the most pessimistic way possible, share price should still be 60% higher.
In reality, SLI just got $160M (with $30M cash up front) to fund near term operations and development that is no strings attached. No repayment, no interest, no nothing. It's a good faith down payment. Equinor will fund 45% of the capex for SWA Ark ($600M) and 45% of the capex for East TX (who knows, probably represents north of $1B extremely conservatively).
That basically represents a back of the napkin $2B investment for 45% of the company assuming success, or a valuation of 4.4 billion. $25/share.
Now that obviously needs to be discounted and the real number is somewhere between; but this is no-joke, real deal news, in my opinion. Totally non-biased view of course.
Posted on 5/9/24 at 7:40 am to Fe_Mike
quote:
Absolute worst case scenario, SLI just got a $160M investment for 45% of the company. That's a $350 mil valuation which should put the share price over $2. So if you're reading this in the most pessimistic way possible, share price should still be 60% higher.
In reality, SLI just got $160M (with $30M cash up front) to fund near term operations and development that is no strings attached. No repayment, no interest, no nothing. It's a good faith down payment. Equinor will fund 45% of the capex for SWA Ark ($600M) and 45% of the capex for East TX (who knows, probably represents north of $1B extremely conservatively).
That basically represents a back of the napkin $2B investment for 45% of the company assuming success, or a valuation of 4.4 billion. $25/share.
Now that obviously needs to be discounted and the real number is somewhere between; but this is no-joke, real deal news, in my opinion. Totally non-biased view of course.
True. This should attract institutional investors and I think retail will start jumping in when more people realize how big of a deal this is and how big Equinor is. This is way bigger than what Lanxess was willing to do.
It also makes me even more positive that they will be getting a substantial amount of that gov't money we've been waiting on. That could be the next shoe to drop.
Posted on 5/9/24 at 7:46 am to Fe_Mike
It makes sense that they wanted to wait for Equinor to be in the royalty process with them. Seems less likely now that Exxon could bully SLI through higher royalty tolerance. I’m on the lookout for this month’s hearing applications and will post if ours appears.
Just finished reading the new investor presentation.
Biggest takeaway is that they expect to make FID on SWA project in 2025. Back to the royalty so Phase 1A can have its FID sooner. Presentation reminded me of when Mintak said that Phase 1A has worse economics because it won’t benefit from economies of scale. Maybe SLI can now leverage relationships/scale from the Equinor partnership to improve Phase 1A’s economics as well?
Presentation also says they have an office in Austin Tx now.
Just finished reading the new investor presentation.
Biggest takeaway is that they expect to make FID on SWA project in 2025. Back to the royalty so Phase 1A can have its FID sooner. Presentation reminded me of when Mintak said that Phase 1A has worse economics because it won’t benefit from economies of scale. Maybe SLI can now leverage relationships/scale from the Equinor partnership to improve Phase 1A’s economics as well?
Presentation also says they have an office in Austin Tx now.
Posted on 5/9/24 at 7:55 am to ev247
Posted on 5/9/24 at 8:19 am to ev247
Pre-market down. Anyone selling after this PR is clueless.
Posted on 5/9/24 at 8:24 am to ev247
quote:
Presentation also says they have an office in Austin Tx now.
Yeah, sucks for me that everything seems to be moving west. I'll still benefit from SWA project. As far as I know, phase I is still a go. I stand has a nice income stream coming from SLI as they get those two built and going.
Posted on 5/9/24 at 9:02 am to SmackoverHawg
Tell me about it. I own some minerals at basically the midpoint between Lanxess and SWA. Which would fall into Albemarle's territory at least, but I'm like 5 miles too far north for Albemarle. Can only hope for continued expansion.
Glad to hear that their success will mean some success for you Smack
Glad to hear that their success will mean some success for you Smack
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