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Message
re: Diving deeper on Standard Lithium?
Posted on 1/16/25 at 9:02 am to ev247
Posted on 1/16/25 at 9:02 am to ev247
the governor just appt a new commissioner from Fort Smith to help this royalty issue. Will help take the heat off the two local ones and any conflicts of interest they may have. The last meeting we had, there were several big money donors that own large parcels of land in that area. My impression was they didn't like seeing me there and having her ear and I'm positive they're some of the ones blocking this. They're scared they may become small fish in a bigger pond and someone else may make some scratch instead of them. Our governor, in a very subtle manner, basically told them that if they wanted XYZ, this needed to get settled and the revenue and investments that pour in will take care of the rest.
They were especially unnerved by my wife and I whispering back and forth with her before the meeting started. It was about their emerald rings, but no one else knew that.
She does always sit by us and seeks us out as an escape route when cornered. She 100% wants this. Trump despised Koch industries, this could very well explain their lessened role and need to take on Equinor. The Equinor guys are legit. Gonna start having some drinks here and there with the SLI guys. New CEO wants to meet with me. I thnk I'll ask him for a board position. All he can do is say no.
I honestly don't think Governor Sanders will let us shite the bed on these royalites. By having me and my family on her side as well as a few of the local power brokers that will do what I say, I think we get a reasonable royalty. The royalty I recommended this summer was the initial one the commission put forth that would've set the total royalty at 3.6% for the BRI
NE, which is the raw product that is actually being purchased.
They were especially unnerved by my wife and I whispering back and forth with her before the meeting started. It was about their emerald rings, but no one else knew that.
She does always sit by us and seeks us out as an escape route when cornered. She 100% wants this. Trump despised Koch industries, this could very well explain their lessened role and need to take on Equinor. The Equinor guys are legit. Gonna start having some drinks here and there with the SLI guys. New CEO wants to meet with me. I thnk I'll ask him for a board position. All he can do is say no. I honestly don't think Governor Sanders will let us shite the bed on these royalites. By having me and my family on her side as well as a few of the local power brokers that will do what I say, I think we get a reasonable royalty. The royalty I recommended this summer was the initial one the commission put forth that would've set the total royalty at 3.6% for the BRI
NE, which is the raw product that is actually being purchased.
2
Posted on 1/16/25 at 9:49 am to SmackoverHawg
Posted on 1/16/25 at 12:29 pm to BlastOff
I don’t know if I can do this again
Posted on 1/16/25 at 3:12 pm to jamiegla1
Ive already been holding this turd for years and even got my breakeven below $2 now. Nothing can break me now
Bring it on
Bring it on
Posted on 1/16/25 at 5:07 pm to Who_Dat_Tiger
quote:
Ive already been holding this turd for years and even got my breakeven below $2 now. Nothing can break me now
I've already resigned myself to losing what I've put in this shitpile over the last 4-5 years. If it goes way up, awesome. If it keeps being a shitpile, whatever
Posted on 1/16/25 at 5:36 pm to Who_Dat_Tiger
quote:
even got my breakeven below $2 now
Similar story here. Worked my breakeven down to $2.19 over the past 6 - 9 months. I have just north of 21K shares. Let's frickin go!
This post was edited on 1/16/25 at 5:37 pm
Posted on 1/16/25 at 10:15 pm to SmackoverHawg
A fair and reasonable royalty at this stage is a lot of guesswork about what might be and where the market for lithium might or might not become.
If they aren't careful, they could end up being like the towns on Route 66 when the interstate was completed.
If they aren't careful, they could end up being like the towns on Route 66 when the interstate was completed.
Posted on 1/16/25 at 10:58 pm to skewbs
quote:that’s a nice lot. I’ve fluctuated anywhere from 5k to 25k shares over the past 4 years now. Sitting on 15k shares now.
Similar story here. Worked my breakeven down to $2.19 over the past 6 - 9 months. I have just north of 21K shares. Let's frickin go!
I remember in the glory days years ago this thread accounted for something like 3-5% of all outstanding shares. Smackover alone had like 0.5%
Posted on 1/17/25 at 9:01 am to Who_Dat_Tiger
This part of the news release comes with some worry.....
As someone that has been involved in the NEPA process myself (both EAs and the much more thorough EIS's), no matter how "clean" a project may be, rest assured environmental groups like Greenpeace, Sierra Club, Environmental Defense Fund and their local proxies will try to cause as much delays as possible. It's simply what they do, especially when drilling is involved. Completing an EA in less than a year is a lofty goal. Don't get yalls hopes up that it will happen as planned. Those enviro whackos will do everything they can to see that it doesn't.
quote:
As part of receiving the grant, the Project is subject to the National Environmental Policy Act (“NEPA”) and will require completion of an Environmental Assessment (“EA”). The Company expects to complete the EA this year, prior to reaching FID. More information, including the opportunity for public comment and review, will be shared as the process progresses beginning in 2025.
As someone that has been involved in the NEPA process myself (both EAs and the much more thorough EIS's), no matter how "clean" a project may be, rest assured environmental groups like Greenpeace, Sierra Club, Environmental Defense Fund and their local proxies will try to cause as much delays as possible. It's simply what they do, especially when drilling is involved. Completing an EA in less than a year is a lofty goal. Don't get yalls hopes up that it will happen as planned. Those enviro whackos will do everything they can to see that it doesn't.
This post was edited on 1/17/25 at 9:03 am
Posted on 1/17/25 at 9:02 am to Who_Dat_Tiger
So when is the next royalty meeting?
Got excited and bought a few more today.
Got excited and bought a few more today.
Posted on 1/17/25 at 11:46 am to ColoradoAg03
quote:
Greenpeace, Sierra Club, Environmental Defense Fund and their local proxies
There's a new sheriff in town and he fvcks with the Huckabees.
Posted on 1/17/25 at 11:55 am to Elusiveporpi
Next 4 hearings:
Jan 28, 2025 - Fort Smith - 9:00 AM
Mar 05, 2025 - Hot Springs - 1:00 PM
Apr 22, 2025 - El Dorado - 9:00 AM (My prediction since it's in El Dorado)
May 28, 2025 - Fort Smith - 9:00 AM
I was talking with chatgpt last night about timelines. It says that it would be tight but they should be able to hit their end of year FID goal if they can get the royalty decision at the April 22 hearing. Then they could incorporate the royalty into the SWA DFS that they are wanting to have done by midyear. With the royalty included in the DFS, they'll be ready to finalize prepaid offtakes and debt financing heading into FID.
SLI's CEO David Park told an analyst this about the royalty in the last earnings call:
"...we remain confident that we'll get a satisfactory answer or a satisfactory resolution by midyear. And assuming we're able to do so, that should not have an impact on our project schedule."
Jan 28, 2025 - Fort Smith - 9:00 AM
Mar 05, 2025 - Hot Springs - 1:00 PM
Apr 22, 2025 - El Dorado - 9:00 AM (My prediction since it's in El Dorado)
May 28, 2025 - Fort Smith - 9:00 AM
I was talking with chatgpt last night about timelines. It says that it would be tight but they should be able to hit their end of year FID goal if they can get the royalty decision at the April 22 hearing. Then they could incorporate the royalty into the SWA DFS that they are wanting to have done by midyear. With the royalty included in the DFS, they'll be ready to finalize prepaid offtakes and debt financing heading into FID.
SLI's CEO David Park told an analyst this about the royalty in the last earnings call:
"...we remain confident that we'll get a satisfactory answer or a satisfactory resolution by midyear. And assuming we're able to do so, that should not have an impact on our project schedule."
Posted on 1/23/25 at 3:00 pm to ev247
For anyone local who might be interested
Posted on 1/23/25 at 3:30 pm to ev247
That's encouraging, as a nothingburger meeting at this point would be very damaging PR.
Posted on 1/23/25 at 5:28 pm to Wraytex
Eh I'm not so sure nothingburgers hurt them all that much at this point. I mean, the "We're drilling a well and plan to grab some samples from existing wells" PR was a nothingburger last week. And no one expects them to make any money until 2028 so I doubt there's an expectation for much excitement at this moment. The only wild card before royalty seems to be when will they disclose the first "portion" of the East Texas area, and I doubt they touch on that at the Arkansas high school meeting lol
This post was edited on 1/23/25 at 5:33 pm
Posted on 1/24/25 at 12:32 am to ev247
Can they not just agree on a preliminary royalty rate....like in between whatever each side is wanting....for like 5 years and once we're finally in the thick of producing they can go back and work on a better deal for all sides involved?
Is that asking too much? Would that even be a viable option?
Is that asking too much? Would that even be a viable option?
Posted on 1/24/25 at 7:55 am to Ballstein32
quote:
Is that asking too much? Would that even be a viable option?
Can we get cliff notes for those of us out of the loop?
Posted on 1/24/25 at 2:18 pm to StonewallJack
Every party involved wants to maximize profits, but they're too greedy to come to any number for them to actually make any profits....and it's holding up the lunch line
Posted on 1/24/25 at 2:30 pm to Ballstein32
Wow, that was close.
LINK
LINK
quote:
The Trump administration has halted spending, loans and other actions at the Energy Department as part of a “comprehensive review” to ensure they align with the president’s priorities, according to a memo from the agency’s acting secretary seen by Bloomberg.
quote:
The Jan. 20 memo freezes the awarding of grants, loans, funding opportunities, procurement announcements, rules, studies and activities including personnel moves and publication of rules and studies, until approval by acting secretary Ingrid Kolb.
Posted on 1/24/25 at 2:40 pm to ColoradoAg03
quote:
Wow, that was close
Not sure if that was sarcasm in response to my previous reply, but hasn't SLI has been running the demonstration plant for multiple years now, actually producing lithium? There's no reason they shouldn't be selling their product by now, if it wasn't for the royalties. (My opinion, please correct if I'm wrong).
I know lithium prices have tanked, but even just selling it, imo, shows that they are capable of ramping up when the industry rebounds.
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