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re: Diving deeper on Standard Lithium?
Posted by ev247 on 5/1/24 at 2:47 pm
A little Chevron speculation in Magnolia Reporter today
[img][url=https://ibb.co/jH7bCNw][img]https://i.ibb.co/JCXmY1p/chevlith.png[/img]...
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re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/29/24 at 5:19 pm
All I got is that the annual meeting is scheduled for June 27.
And that a guy on another forum says he talked to someone "close to the situation" who says that the royalty will be 2% of gross revenues and that Exxon, SLI, ALB, and Lanxess are working together on it. Would be good but I'll believe...
re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/24/24 at 4:12 pm
I think it was FeMike who made the point that Phase 1A is just a glorified demonstration plant since it is such a small operation. So its main utility was to prove out the tech while making a little money. But hey, if they're proving out the tech at the demo plant with this new commercial-sized DLE ...
re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/24/24 at 12:21 pm
:lol:
draft Tweet to announce construction commencement:
[img]https://i.postimg.cc/jjjcMjkB/sli-joke.png[/img]...
re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/24/24 at 9:36 am
It’s hard to say. The new PR says that the column’s performance has been “validated” and doesn’t reiterate the 6 month testing timeline so who knows how long it has to succeed for financer/partner satisfaction.
Either way, I would think that grant and royalty decisions have to come before invest...
re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/23/24 at 5:59 pm
A part of me has this bullish theory that Telescope Innovations’ breakthrough in January creates such an efficient DLE process that some of Koch’s pretreatment steps are no longer necessary so Standard is having to renegotiate their license with Koch and negotiate a license with Telescope.
I mean...
re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/22/24 at 9:06 pm
Also, Mintak said in the last ER that they're expecting to hear back about the "larger grants" by the end of summer. That's another reason that an April royalty wouldn't have helped speed things along. So
1. Grants known by end of summer
2. Commercial-scale DLE column tested (derisked) by Septem...
re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/22/24 at 7:31 pm
Nope none.
Now that I think about it, some things stand out from the last PR about the commercial-scale DLE column that make the royalty moot for now
-they called it the final de-risking step
-the subtitle of the PR explicitly gives 6 months to test it
-they expected to ramp it end of March...
re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/20/24 at 10:55 pm
Well I was on the AOGC website today and bring bad news.
Under the Hearing Agenda section, there is a file named "April 2024 Agenda Final.Pdf" and that final agenda does not include a royalty decision. It shows Standard's dismissed application, but no replacement for it. No wonder they won't answ...
re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/19/24 at 1:19 pm
Lanxess is only paying the royalty on bromine. Landowners will be making two separate royalties on the same gallon of brine once lithium is decided.
To the poster above, I'm buying more here while trying to get to a certain number of shares, but I wouldn't advise my family/friends to buy until th...
re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/16/24 at 2:16 pm
If they dilute to 200M shares (which seems like a reasonable estimate if they use the full $50M available) and convince someone that their current NPV projections are reasonable and attainable, that would make them worth $26.36/share before setting a foot in Texas.
In the meantime, I'm pretty ...
re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/13/24 at 11:54 pm
We got our answer of how much dilution they’ve done this quarter, 6.4 million shares for $9m and 1.3m Canadian shares for $2.4m CAD. Add those to last quarter’s dilution and I think the total is around $16m out of the $50m available. I guess this is how they’re funding things like the new commercial...
re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/9/24 at 10:47 pm
I’m a little optimistic that we’ve known since Jan that they wouldn’t hear it again til April. Why skip March hearing? Makes me think that some specific hurdle wouldn’t have been cleared in time for March hearing but would be by April. IR sounded confident that decision would come in Apr but won’t r...
re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/9/24 at 10:16 pm
Man I’d love to see your 3% then revisit idea but am still thinking about Exxon being (saying they’re) okay with 10%. Why wouldn’t Exxon sandbag Standard? Standard would be the bad guy in public opinion.
The public won’t read a DFS, and the Dec hearing revealed that the DFS doesn’t include Lanxe...
re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/9/24 at 7:48 am
Haha carry on brother. Did you end up buying back in here?
Not the happiest myself, they’ve made a sport of ignoring my inquiries lately...
re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/8/24 at 9:12 pm
You wouldn’t be pleased if they PRed those sample shipments come on :lol:
They say they’re in “late stage” offtake negotiations and people will believe that or not, regardless of if we know where they sent a gallon of lithium chloride over the weekend.
I only say this because I think your bar ...
re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/5/24 at 12:31 pm
New drilling permit for 7/15/2024 showed up today, as a periodic proof of life...
re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/4/24 at 10:43 am
If I remember right these leases have long extensions available if no production, like 5-10 years. Will look for what I’m remembering...
re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/3/24 at 11:34 pm
Who knows, Standard may just be retooling their proposal since lithium prices have dropped since their proposal was put forth. Lithium commentators that I've followed (that disagree with each other on much) pretty much all say that the lithium carbonate spot price is closer to $15k than $30k now. Do...
re: Diving deeper on Standard Lithium?
Posted by ev247 on 4/3/24 at 11:17 pm
FYI Standard's withdrawal of royalty application is official. Straight from the AOGC
[img]https://i.postimg.cc/DZ4nhYBg/sliwithdraw1.png[/img]
[img]https://i.postimg.cc/jjXJNCb9/sliwithdraw2.png[/img]...
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