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re: Diving deeper on Standard Lithium?
Posted on 7/30/24 at 8:49 pm to Neauxla_Tiger
Posted on 7/30/24 at 8:49 pm to Neauxla_Tiger
Here we go. Standard Lithium, Lanxess, Albemarle, Exxon, and TETRA have filed a joint royalty application with the AOGC. It isn't showing up on AOGC's site yet but this paywalled article is reporting that it will be heard at the Sep 24 hearing.
3
Posted on 7/31/24 at 7:29 am to ev247
Excellent, nice find. Wildly unlikely they would file a joint app without the hearing being a formality. Should be a done deal now, and we can get the ball rolling.
Posted on 7/31/24 at 9:03 am to gautamj
quote:
The proposed royalty rate is 1.82%
That's a positive FID and some quick developments in SWA is what that is.
Posted on 7/31/24 at 9:07 am to ev247
quote:
Here we go. Standard Lithium, Lanxess, Albemarle, Exxon, and TETRA have filed a joint royalty application with the AOGC. It isn't showing up on AOGC's site yet but this paywalled article is reporting that it will be heard at the Sep 24 hearing.
I didn't see SLI mentioned in the other link posted with the 1.82% royalty. Did I just misread it? Does it matter if they weren't mentioned?
Posted on 7/31/24 at 9:08 am to Fe_Mike
quote:
That's a positive FID and some quick developments in SWA is what that is.
Is this a push all my chips in the middle moment? I've been accumulating but have a finite amount to put in. Do y'all think now is the time?
Posted on 7/31/24 at 9:12 am to Pierre
quote:
Is this a push all my chips in the middle moment? I've been accumulating but have a finite amount to put in. Do y'all think now is the time?
I wouldn't quite say that.
Hearing isn't until later in September. Though it is my opinion that because this is a joint application from all of the big hitters in the area, it means they've done enough digging to have a high degree of confidence it will get approved, there is still a chance it gets pushed again. That would be bad news.
I think there will be enough time between the hearing and the FID (assuming the 1.82% is accepted) to start buying in more.
Posted on 7/31/24 at 1:48 pm to Fe_Mike
Landowners not going down without a fight.
quote:
Re: AOGC Docket No. 050-2024-09; Entry of Appearance
Joint Application of Albemarle Corporation, Saltwerx LLC, SWA Lithium
LLC, LANXESS Corporation and TETRA Technologies
Dear Director Bengal:
With regard to the above-referenced docket, please note the appearance of G. Alan Perkins,PPGMR Law, PLLC, P.O. Box 3446, Little Rock, Arkansas 72203, on behalf of South Arkansas
Minerals Association (the “Association”). The Association intends to submit formal objection to Applicant’s request at a later date and will participate with testimony and argument at any hearing.
Respectfully Submitted,
PPGMR LAW, PLLC
G. Alan Perkins
Attorneys for South Arkansas Minerals Association
Posted on 8/1/24 at 7:03 am to Fe_Mike
Looks like Mintak is gone! Retiring sept 1. Wonder if he got a vote of no confidence in the board vote?
LINK
LINK
quote:
Effective September 1, 2024, Robert Mintak will retire as Chief Executive Officer and remain engaged as an advisor through August 2025. David Park will assume the position of Chief Executive Officer effective September 1, 2024.
This post was edited on 8/1/24 at 7:09 am
Posted on 8/1/24 at 7:20 am to Shepherd88
quote:
Park was President of Koch Strategic Platforms, the division of Koch Industries which invested in Standard Lithium (SLI) in 2021, and previously served as Senior VP for strategy and business development of Koch subsidiary Georgia-Pacific, one of several significant roles he held at Koch.
Posted on 8/1/24 at 8:06 am to Shepherd88
I like Mintak well enough, but this is good news. He does not have the experience nor pedigree to be the CEO of a major, real chemical manufacturer.
Love that Koch/Equinor have taken an active role and made this change. This is a really good sign that the big 'partners' are taking this seriously.
It's also following the general framework for a buyout. Large company invests in sizeable position in small company. Large company places their own high level exec within smaller company. Said exec takes over smaller company. Large company buys out smaller company.
I'll send a quick note to Park and let him know we want the price tag to at least match the 2021 highs.
Love that Koch/Equinor have taken an active role and made this change. This is a really good sign that the big 'partners' are taking this seriously.
It's also following the general framework for a buyout. Large company invests in sizeable position in small company. Large company places their own high level exec within smaller company. Said exec takes over smaller company. Large company buys out smaller company.
I'll send a quick note to Park and let him know we want the price tag to at least match the 2021 highs.
This post was edited on 8/1/24 at 8:11 am
Posted on 8/1/24 at 8:37 am to Fe_Mike
Definitely good news. I always wondered how far Mintak could take us and found the short reports very effective in causing doubt in his fitness to be CEO. Nothing personal.
But hopefully this isn't an indication that we didn't get any grants. They said we should know by the end of summer.
Reminder that our new CEO used to be responsible for new platform acquisitions at Koch
If acquisition is where we're headed, I'm optimistic that they'll wait until after achieving more de-risking catalysts on SWA and ETx so we aren't taking a 30-100% premium on a $1.35 share price, which would be quite the kick in the stomach after all this time.
But hopefully this isn't an indication that we didn't get any grants. They said we should know by the end of summer.
Reminder that our new CEO used to be responsible for new platform acquisitions at Koch
If acquisition is where we're headed, I'm optimistic that they'll wait until after achieving more de-risking catalysts on SWA and ETx so we aren't taking a 30-100% premium on a $1.35 share price, which would be quite the kick in the stomach after all this time.
This post was edited on 8/1/24 at 8:49 am
Posted on 8/1/24 at 8:38 am to Fe_Mike
I guess bag holders knocking on the door was the last straw.
Posted on 8/1/24 at 8:57 am to Shepherd88
i feel like buying again. the Third Act is complete
Posted on 8/1/24 at 9:14 am to ev247
Speaking of acquisitions, I forgot all about this fellow's experience
So when do we get bought? Do we make it to East Texas FID in like 2-3 years?
So when do we get bought? Do we make it to East Texas FID in like 2-3 years?
Posted on 8/3/24 at 10:09 am to jamiegla1
$1.18 this morning.
Posted on 8/3/24 at 7:57 pm to ev247
Koch invested a lot and they know their business. Mintak wasn’t getting it done on the business end. Great idea with solid science behind it but it seems SLI couldn’t get over the hump
Koch has their guy now. I bet we see things move faster and start to happen. I think buying now is a good value
Koch has their guy now. I bet we see things move faster and start to happen. I think buying now is a good value
Posted on 8/4/24 at 1:45 pm to deltaland
Found this on another sight just sharing!
Leaders lead! By the time it's all said and done, my bet is that Robert Mintak will go down in the #lithium hall of fame as one of the most influential CEOs in our industry for building one of the most important and successful lithium companies in North America this century. It has been such a pleasure to work under Robert for the last two years. Robert's vision, authenticity, and work ethic have created an opportunity for my home state of #Arkansas that has the potential of providing generational prosperity for Arkansans, while also creating a sustainable domestic supply of battery-quality lithium at this crucial moment during America's energy transition. Robert has also carefully and thoughtfully put together a world class team that is ready to build these projects in a way that guarantees success for our company, our country, and most importantly for our local stakeholders in Arkansas. What has always impressed me the most about Robert is his genuine love for Arkansas's culture, history, and natural beauty, and his efforts to engage and integrate with the community and state because he believed it was the right way to do business, not because it was checking a necessary box.
Leaders lead! By the time it's all said and done, my bet is that Robert Mintak will go down in the #lithium hall of fame as one of the most influential CEOs in our industry for building one of the most important and successful lithium companies in North America this century. It has been such a pleasure to work under Robert for the last two years. Robert's vision, authenticity, and work ethic have created an opportunity for my home state of #Arkansas that has the potential of providing generational prosperity for Arkansans, while also creating a sustainable domestic supply of battery-quality lithium at this crucial moment during America's energy transition. Robert has also carefully and thoughtfully put together a world class team that is ready to build these projects in a way that guarantees success for our company, our country, and most importantly for our local stakeholders in Arkansas. What has always impressed me the most about Robert is his genuine love for Arkansas's culture, history, and natural beauty, and his efforts to engage and integrate with the community and state because he believed it was the right way to do business, not because it was checking a necessary box.
Posted on 8/4/24 at 7:40 pm to CarbonAce
If he’s going into the lithium HOF, it’s time to get out of lithium.
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