re: Diving deeper on Standard Lithium?

They can scale the original product down if they need to use resources elsewhere. The big deal there is all the infrastructure in place and it would be the fastest to production. That will allow them to refine and optimize before and as they build out SWA and east Texas.

How do I lend out shares on fidelity? I meet all the requirements

ETA: website says
“Once enrolled, there are no extra steps. All eligible securities in your account, now or in the future, will be considered for borrowing based on demand in the lending market.”

Yeh I’m not sure how they “prioritize” what/whose shares get leant out.

Mine all got returned on the 7th and are starting to go back out now but still only about a third are out. Rate is down around 7% too. Still not bad, but I’d like 20% again at $5/share.

crap !! i totally forgot about that.. hope they release a recording.

Try this link

After seeing the Equinor deal, listening to the earnings call and the fireside chat, I’m more confident on the prospects of this company than I have been at any point since I bought my first shares. I’m having a hard time not liquidating some of my other holdings and throwing it all in on SLI.

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Can someone explain these numbers from Slide 9 of the new management deck and what this means for SP, as compared to the numbers Mike put out?

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Just FYI, finally got the chance to go through the deck.

I think the valuation numbers that SLI put out jive with my earlier estimates pretty closely. I'd say all are in agreement.

SLI's numbers only included real valuations of the current transactions, though. My 'loftier' numbers were estimates of implied value based on future projects and investments. SLI can't put numbers like that into an investor deck because it's just too speculative to be covered under 'forward-looking statements' protections. Maybe after DFS is done on one of those projects, and almost certainly after an FID is made, they could then speak to implied valuations closer to what my latter projections were.

Iron Mike what valuations did you put outt? Sorry I didn’t see them

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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.

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For reference, SLI’s published implied valuation of the deal was $300M

Just tried to figure out where our discrepancy was and it looks like SLI’s valuation discounts the $60M for the workplan as those are project payments. SLI only owns 55% of the projects so technically only realize $33M of the $60M commitment. So SLI will see $133M from this deal, not $160. Pre-FID.

It's hard to tell what is posturing and what isn't. 10% would be obnoxiously high and seemingly out of line with most commodities.