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re: Diving deeper on Standard Lithium?

Posted on 9/24/24 at 1:58 pm to
Posted by ThermoDynamicTiger
Baton Rouge
Member since Jul 2008
1449 posts
Posted on 9/24/24 at 1:58 pm to
Sold everything at 11. Never timed anything so well. Then I went and bought all back at 8. I've got my average down to 5
Posted by jamiegla1
Member since Aug 2016
7910 posts
Posted on 9/24/24 at 2:54 pm to
quote:

Well not the day I was expecting!

Plot twist. They just brought Mintak on as a consultant
Posted by GREENHEAD22
Member since Nov 2009
20581 posts
Posted on 9/24/24 at 3:42 pm to
Back to a scam.
Posted by Shepherd88
Member since Dec 2013
4891 posts
Posted on 9/24/24 at 4:54 pm to
He can’t resist trying to take a piece of that grant money for comp.
Posted by jamiegla1
Member since Aug 2016
7910 posts
Posted on 9/24/24 at 8:11 pm to
He needs a new bespoke coif
Posted by CarbonAce
Member since Apr 2021
325 posts
Posted on 9/24/24 at 8:36 pm to
So what was all the selling today? People that bought at 1.20 or less?
Posted by Neauxla_Tiger
Member since Feb 2015
2073 posts
Posted on 9/25/24 at 7:07 am to
Probably. Went from 1.10 to 1.70 in a two weeks stretch. That's a quick 55% gain, so there's going to be some profit taking. Hopefully we stabilize and build some support for the next leg up
Posted by GeneralLee
Member since Aug 2004
13946 posts
Posted on 9/25/24 at 7:55 am to
Looks like it's going sub $1.50 based on the pre market. Time to buy the dip?
Posted by FMtTXtiger
Member since Oct 2018
4991 posts
Posted on 9/25/24 at 8:34 am to
who is selling at this level? makes no sense.
Posted by GeneralLee
Member since Aug 2004
13946 posts
Posted on 9/25/24 at 8:35 am to
Tried to pick up the dip but missed my limit order by 1 cent, ugh!
Posted by Fe_Mike
Member since Jul 2015
3702 posts
Posted on 9/25/24 at 8:36 am to
That was a really weird flash drop. Someone really wanted out.
Posted by SmackoverHawg
Member since Oct 2011
30957 posts
Posted on 9/25/24 at 8:40 am to
What would you consider a good royalty rate?
Posted by GeneralLee
Member since Aug 2004
13946 posts
Posted on 9/25/24 at 8:53 am to
I have not studied the economics enough to determine that. I think you want a balance between the landowner and operator's consideration. In the current situation where the economics are pretty unknown, I think you should default to royalty rates that are a bit more friendly to the operator to unsure the resource gets developed. That's clearly where the government's interest should be.
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
3499 posts
Posted on 9/25/24 at 8:59 am to
Agree, rates favorable to producers to get on their feet, then revisit the issue.
Posted by KCRoyalBlue
Member since Nov 2020
1918 posts
Posted on 9/25/24 at 9:20 am to
Once rates are established to get production going, can they be renegotiated later to balance it for both sides (if that's even needed)?

I'm not a landowner, btw. Just curious based on a couple of posts above.

I would hope they can, as I agree with GeneralLee. I would want them favorable to both sides, with an edge to the company, so we can get this show on the road.
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
3499 posts
Posted on 9/25/24 at 9:31 am to
Is there precedent for the situation where if they miss on the low side, that a retroactive bonus can be sent to the landowners?
Posted by Auburn1968
NYC
Member since Mar 2019
25198 posts
Posted on 9/25/24 at 9:33 am to
An old friend and former client started following early in this saga. He mentioned it to some of his friends, but now they won't talk to him. (joking).
Posted by KCRoyalBlue
Member since Nov 2020
1918 posts
Posted on 9/25/24 at 10:28 am to
Not sure anyone has asked, but what's the "conditional" requirements for the DoE grant?

We're good there, right?
Posted by KCRoyalBlue
Member since Nov 2020
1918 posts
Posted on 9/25/24 at 1:17 pm to
Here's an article I don't like regarding IBAT and lithium pricing. Comments?

A quick Reuters lithium article
Posted by ev247
Member since Nov 2022
479 posts
Posted on 9/25/24 at 1:58 pm to
That project was going to be with US Magnesium at the Great Salt Lake in Utah. According to this article, lithium concentrations there are around 50 mg/L. That's low.

This postponed project: 50 mg/L
SLI's Phase 1A: 217 mg/L
SLI's SWA: 437 mg/L

This project didn't stand a chance with lithium prices where they are. The lithium that Standard's SWA project could capture in one cycle would take the project in question over 8 cycles to capture. That's too expensive.

Standard's current presentation says SWA will cost $4,073/ton so even if the lithium carbonate "price" is a low $10,000 right now SWA is fine to proceed while low grade projects like this US Magnesium one have to shut down.
This post was edited on 9/25/24 at 1:59 pm
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