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1
Posted on 11/12/24 at 10:04 am to Wraytex
Are we rich yet?
Posted on 11/12/24 at 11:06 am to jmarto1
quote:
Are we rich yet?
Posted on 11/12/24 at 11:47 am to AUHighPlainsDrifter
A pessimistic reality:
CEO David Park, today's earnings release: “Now is the time for us to prioritize, focus and execute. Our attention turns to bringing production online for our shareholders, and the next right step for us is to move forward with customer off-take commitments and financing. We can then continue to advance, in partnership with Equinor, the South West Arkansas project and leasing foothold in East Texas.”
COO Andy Robinson, royalty hearing: "For us to be able to negotiate, and hopefully successfully sign any of those things, whether it's the offtake contracts or the project debt, that billion-dollar mortgage that needs to go against it, the royalty scheme, the fiscal regime, has to be agreed and in place for us to be able to sign any of those agreements in the future."
So the next step is offtake agreements and debt financing (their words), which can't happen without a royalty being in place (their words).
We've officially reached the stage where the lack of royalty is holding up progress.
CEO David Park, today's earnings release: “Now is the time for us to prioritize, focus and execute. Our attention turns to bringing production online for our shareholders, and the next right step for us is to move forward with customer off-take commitments and financing. We can then continue to advance, in partnership with Equinor, the South West Arkansas project and leasing foothold in East Texas.”
COO Andy Robinson, royalty hearing: "For us to be able to negotiate, and hopefully successfully sign any of those things, whether it's the offtake contracts or the project debt, that billion-dollar mortgage that needs to go against it, the royalty scheme, the fiscal regime, has to be agreed and in place for us to be able to sign any of those agreements in the future."
So the next step is offtake agreements and debt financing (their words), which can't happen without a royalty being in place (their words).
We've officially reached the stage where the lack of royalty is holding up progress.
This post was edited on 11/12/24 at 11:57 am
Posted on 11/12/24 at 5:27 pm to ev247
I added 5k more shares today. We'll see.
Posted on 11/12/24 at 8:44 pm to ev247
I think there’s several people in this thread that are also in that FB group.
This post was edited on 11/12/24 at 8:44 pm
Posted on 11/12/24 at 9:12 pm to SmackoverHawg
I picked up 1k more today. It’s been a while since I’ve added.
Posted on 11/12/24 at 9:20 pm to ColoradoAg03
quote:
I think there’s several people in this thread that are also in that FB group.
I am. But I mostly try and figure out who on that page is in this thread
Posted on 11/12/24 at 9:32 pm to jamiegla1
It’s not too hard lol
Ev loves the copy/paste
Ev loves the copy/paste
This post was edited on 11/12/24 at 9:33 pm
Posted on 11/12/24 at 11:11 pm to ColoradoAg03
Which one of yall is exporting my impeccable DD to the FB group? I posted those in confidence! 
If this royalty isn't solved soon I'm gonna start pasting to even more sites, until the AOGC gets tired of seeing my posts like Gordon McKernan billboards
If this royalty isn't solved soon I'm gonna start pasting to even more sites, until the AOGC gets tired of seeing my posts like Gordon McKernan billboards
This post was edited on 11/13/24 at 12:40 am
Posted on 11/12/24 at 11:15 pm to ev247
Not me I don’t even know which FB group y’all are talking about. Guess I’m out of the loop
Posted on 11/13/24 at 12:51 pm to bulldog95
Always red in a sea of green
Posted on 11/14/24 at 8:57 am to CarbonAce
I didn't want to go against the grain but I sold a thousand shares at 2$ and bought some more MNR. I may buy back with the distribution in December.
Posted on 11/14/24 at 11:42 am to Wraytex
Yeh I sold a decent little chunk at $2.30 after the royalty got shot down and Trump got elected.
Don't think either is fundamentally a problem - the only project the royalty might have kickstarted is Lanxess, but I've said before I don't think they're actively pursuing that anyway. Still have to get the DFS for SWA before an FID can be made, so it's not waiting on royalties yet. DFS/FEED probably coming Q1 of '25 latest.
Trump election should be a boost because he's pushing domestic supply so hard and the US has virtually zero domestic lithium supply. That's great for SLI.
Unfortunately, the market doesn't think this far. They see "Royalty shot down? Bad. Trump elected? Good for oil, must be bad for lithium"
Writing was on the wall for short term pressure. Nothing real though. Will probably start buying those shares back soon plus some if it continues going south.
Don't think either is fundamentally a problem - the only project the royalty might have kickstarted is Lanxess, but I've said before I don't think they're actively pursuing that anyway. Still have to get the DFS for SWA before an FID can be made, so it's not waiting on royalties yet. DFS/FEED probably coming Q1 of '25 latest.
Trump election should be a boost because he's pushing domestic supply so hard and the US has virtually zero domestic lithium supply. That's great for SLI.
Unfortunately, the market doesn't think this far. They see "Royalty shot down? Bad. Trump elected? Good for oil, must be bad for lithium"
Writing was on the wall for short term pressure. Nothing real though. Will probably start buying those shares back soon plus some if it continues going south.
Posted on 11/15/24 at 9:08 am to Fe_Mike
quote:
he's pushing domestic supply so hard and the US has virtually zero domestic lithium supply. That's great for SLI.
Thats where I'm at in my thought process.
My cost average is 3.25 so not selling anytime soon but I may take advantage of this red add and drop that average a good bit. I am in it for the long haul to see where it goes at this point.
Posted on 11/15/24 at 10:23 am to NOLAGT
Added some today at $1.64
Will get more if it goes below $1.60
Will get more if it goes below $1.60
Posted on 11/15/24 at 11:55 am to CarbonAce
Posted on 11/15/24 at 12:02 pm to SuperSaint
$1.60 now guess I’ll wait till it drops more now lol
Posted on 11/17/24 at 12:12 pm to bulldog95
Back at a dollar I'll probably load up
Posted on 11/17/24 at 1:43 pm to jimjackandjose
Added a little bit more at $1.58 on Friday.
Will add more if it drops below $1.20
Will add more if it drops below $1.20
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