Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Would not have been too surprised so I.....
Low today 5.74 U.S.
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=+sli&x=50&y=17&time=100&startdate=8%2F1%2F2021&enddate=2%2F3%2F2022&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
Havent done dd on any of the Li plays.
Just saw that the momo was heading in that direction early.
Already up high double digits on this one before brandon even signed the infras bill.
Looking for at least another trip digit increase when it goes into full gear.
Is SLI an ATM ?
And should one re-buy HERE ?.....(at 8.63 U.S. / 11.05 Cdn).....Or, hope for the low line
Has posted a wild downgap today.....which, I suspect is a sign to hold off....be patient.
Anything over the Horizontal however, I suspect one would have to chase.
Wait a minute though - It's already over it stateside....On 1.3 million versus 350,000 up north
And in fact in dropped beautifully down to it stateside (which greatly helps explain the down gap) !
So.....
What would be your estimate for meaningful production/revenue for SLI???
thanks
charlieB
You called that one.
Standard Lithium Ltd (SLI)
10.51 ? 1.81 (20.80%)
Going to be huge one day
Standard Lithium Announces US$100 Million Direct Investment From Koch Strategic Platforms
https://www.standardlithium.com/investors/news-events/press-releases/detail/103/standard-lithium-announces-us100-million-direct-investment
I see - Okay, well, now what (this article asks) ?
https://www.fool.com/investing/2021/11/18/why-standard-lithium-stock-crashed-today/
Shown here have been my exit and entry points....
Today struck a low of 8.53 - Closed at 10.03
Whew, dodged a bullet there.....
Like the article also states - These "short reports" are often to be taken with a grain of salt.
And I DO find it somewhat hard to believe that they're "under-performing" to the extent that the report suggests.
In fact (I just noticed this here - let's see what they're saying) :
Standard Lithium Comments On Short Seller Report
https://ih.advfn.com/stock-market/AMEX/standard-lithium-SLI/stock-news/86608089/standard-lithium-comments-on-short-seller-report
"The report contains numerous important inaccuracies and misunderstandings which Standard Lithium believes are misleading and clearly intended to benefit Blue Orca Capital, which yada, yada, yada...."
aha - Much as I've been suspecting alright......
Just some self-serving American "capitalists"....?!?
Closed on AMEX at 8.40
Yeah. Apparently they are claiming that the purity is not what was advertised and that is stock fraud. Hmmmmmmmmm
Thanks. Sorry. Shark attack huh ?
Man !
Yes, it is some greedy law firm looking for clients. they are "investigating"
hmmmmm......yes
I wonder what it could be......Oh ;
https://ih.advfn.com/stock-market/AMEX/standard-lithium-SLI/stock-news/86603483/standard-lithium-drops-after-new-short-call-from-b
https://seekingalpha.com/news/3772437-standard-lithium-drops-after-new-short-call-from-blue-orca?utm_source=advfn.com&utm_medium=referral
SLI AMEX - Last 7.50
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=sli&x=44&y=9&time=100&startdate=10%2F4%2F2020&enddate=11%2F30%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
OOO yeah! Bouncing back now!!
6.80 is support, it flirted to 6.75 but I think that's it, great buy op right here imo
The dip is starter in 6, add 5s and below
Any comments on the filing.
https://www.globenewswire.com/news-release/2021/11/13/2333690/0/en/Standard-Lithium-Provides-Update-on-Annual-Filings.html
VANCOUVER, British Columbia, Nov. 12, 2021 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV: SLI) (NYSE American: SLI) (FRA: S5L), an innovative technology and lithium project development company, advises that its audited consolidated financial statements for the fiscal year ended June 30, 2021, included in the Company’s Annual Report on Form 40-F, as amended, contains an audit opinion from its independent registered public accounting firm that includes an explanatory paragraph related to the Company’s ability to continue as a going concern. Release of this information is pursuant to the disclosure requirements of the NYSE American Company Guidelines Sections 401(h) and 610(b). It does not represent any change or amendment to any of the Company’s filings for the fiscal year ended June 30, 2021.
Paragraph from the filing
https://www.sec.gov/ix?doc=/Archives/edgar/data/1537137/000117184321007873/exh_991.htm
The condensed consolidated interim financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) on a going concern basis, which presume the realization of assets and discharge of liabilities in the normal course of business for the foreseeable future. The Company has no sources of revenue and as at September 30, 2021 had an accumulated deficit of $77,976,495 (June 30, 2021 - $68,617,507). These matters raise significant doubt regarding the Company’s ability to continue as a going concern. The Company’s ability to continue as a going concern is dependent upon its ability to raise equity financings. These condensed consolidated interim financial statements do not include any adjustments to the amounts and classification of assets and liabilities that might be necessary should the Company be unable to continue in business.
It is Friday. Typically a bad day for this stock. Looks like it started off with a major sale. Probably someone that doesn't have a clue, just running! Experience suggests that Friday is down while Monday will be UP UP UP! Just take a deep breath and count to a billion.
I reserve the right to be wrong, but if you look at the spread of price and volume, what becomes apparent is a 10 day or so cycle. I am very bullish on this particular stock and within a year anyone that stays in it should be very happy IMHO. If you want to play the swing, it is generally large enough to pick up a few pennies on the way. It is also possible to miss it and lose in the long run. personally, I have been riding this waive since it went on the exchange. The thing that I see is that they own the patent on the process and the lithium in Arkansas is pretty pure to begin with. I read an ad for a company in Nevada that is being hyped, but going nowhere. All they have is the raw material and it is not yet mined.
Anybody here have a sense of why the sudden drop or is it just profit taking?
They fixed it. I contacted Bigcharts and they actually fixed it ! AMAZING.
Previously their SLI was a London-based insurance company.
Now it is Standared Lithium
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=sli&x=0&y=0&time=100&startdate=9%2F2%2F2018&enddate=12%2F6%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=13
Well, it is not enough to go anywhere, but is enough to buy on the dip. This puppy is one of those investments that you can go to sleep on and wake up to a nice profit over time. If you are going to play the swings, you may miss out on the bigger picture.
I also would like to know the source of that. I am not so sure that it is accurate without some fact checking.
The big thing SLI has going for it is that they are simply taking the brine already mined by another company and extracting LI from it. Since the existing company has been operational for decades there is no environmental issues and they can start almost immediately. The downside is that they only get 30% of the profit.
This earnings report will be important - we need to see some product and hopefully they will deliver.
Y'all know, this is a real multi-bagger. It will saw tooth itself up and up. The plant that went online in Arkansas is actually a pilot plant for a new process to generate battery grade and better lithium of which there is a LOT of in southern Arkansas. The product will make money and the process will be licensed to make money. And, once the pilot plant has done what it is going to, a full scale plant is next. Even though I am playing he volatility at this point, within a year or so, this one will be over 100/share and up and up from there. A true buy and hold IMHO.
It's a shame that Bigcharts is screwed up on the symbol....
that way I'd be able to (easily) see what yer saying
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=sli&x=64&y=14&time=13&startdate=2%2F1%2F2020&enddate=10%2F23%2F2021&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9
10.00 = 12.37 cdn
Earlier today I set a limit at 10 and went to lunch. When I came back it had filled and if I had been here paying attention, I would have held off a bit, but based on the past behavior, I think that the swings will be between 9.5 and 11.5 for at least a few cycles.
Well - So hopefully this has WORKED !.....LoL
I had been noticing lately, that it's susceptible to wild gyrations.
Just figured that I ought to try and take advantage of one !
Last 9.85 US
I was of the opinion that it could pull back to that line.....
Oddly today I've noticed that LAC's "gyrating" also....
Currently they're now at 31.50
Everyone has an opinion. What is yours? This beast will hit a bottom and swing back up. What is your reentry point?
Sold at better than expected....New kid on the block : Out at 11.16 US
https://investorshub.advfn.com/Rock-Tech-Lithium-Inc-TSXV-RCK-33139/
About $13 on this run imo
This is one that is aw crap! I was playing the swing and made some money and then some analyst gave a buy recommendation wile I was out and rocket north! Darn
But to answer your question, this stock has a long ways to go ...
Followers
|
42
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
573
|
Created
|
06/29/17
|
Type
|
Free
|
Moderators |
Standard Lithium chose south Arkansas as a key development target due to its very large resource potential, with a well-studied and documented brine deposit. Combine this with a pro-business environment, a region with more than five decades for commercial brine production, the associated infrastructure; pipelines, well fields, low-cost power, road, rail and a highly skilled work force. This makes Standard Lithium’s south Arkansas project the perfect location for a modern lithium chemical company.
The Company’s flagship 150,000 acre, 3.14 Million Tonne Lithium Carbonate Equivalent (“LCE”) resource Joint Venture** “Lanxess Project” is located minutes away from the city of El Dorado, Arkansas.
El Dorado is headquarters of the Arkansas Oil and Gas Commission as well as Murphy Oil, Murphy USA, Deltic Timber Corporation and a Delek US oil refinery. The city has a nationally-recognized downtown arts district, the Murphy Arts District (MAD); a community college, South Arkansas Community College (South Ark); and a multi-cultural arts center, South Arkansas Arts Center (SAAC). El Dorado is the population, cultural and business center of south-central Arkansas.
El Dorado is located approximately 120 miles (190 km) from the state capital of Little Rock. The city was the heart of the 1920s Arkansas oil boom. During World War II, it became a center for the U.S. chemical industry, which still plays a key part in the local economy, as do oil and timber.
The region is home to North America’s largest brine production and processing facilities.
When oil was discovered in south Arkansas in 1921, oil field brines were considered a worthless by-product of oil producers who had problems disposing of the brine. Then, chemists from the Arkansas Geological Commission (now the Arkansas Geological Survey) discovered that the Smackover Formation brines had high bromine content—seventy times greater than that of ocean water. Bromine production followed oil production in Union County in 1957 and has continued ever since. Bromine production in Union and Columbia counties contributes significantly to the local and state economy and employs over 1,000 people. Great Lakes Chemical Corporation built the world’s largest bromine plant in south Arkansas in 1961. Great Lakes Chemical Corporation merged with Crompton Corporation in 2005 to create Chemtura Corporation. Chemtura Corporation was acquired by global specialty chemical company Lanxess AG in 2017. Lanxess operates three brine processing plants in south Arkansas.
TETRA Technologies operates a processing plant in the area, Albemarle Corporation (formerly Ethyl Corporation) operates two bromine processing plants in Magnolia (Columbia County) Arkansas.
Lanxess operations in south Arkansas cover 150,000 acres that includes10,000 brine leases. Lanxess extracts brine from their wells located throughout the area, and the brine is transported through a network of 250 miles of pipelines to three plants where the brine is processed for bromine recovery with the tail brine then re-injected to the aquifer. The three bromine extraction plants currently employ approximately 500 people, have been in production for nearly five decades, and produce roughly 5.3 billion gallons of brine annually.
A Preliminary Economic Assessment prepared by Advisian, a consulting arm of Worley Parsons, released June 18, 2019 considers the production of battery-quality lithium carbonate through a phased build-out to a total 20,900 tonnes per annum (tpa) from the contemplated joint venture with Lanxess AG at their three-operating bromine-processing plants.
Notes:
All model outputs are expressed on a 100% project ownership basis**
[1] Total production, using existing brine supply rates at the completion of Phase 3
[2] Plant operation commences upon completion of Phase 1
[3] Includes 25% contingency of both direct and indirect capital costs
[4] Includes all operating expenditures, including sustaining capital and allowance for mine closure
[5] Selling prices ranging between US$10,840-16,260/tonne were modeled as part of sensitivity analysis
** 70/30 JV in favor of Lanxess AG with an option for Standard Lithium to achieve 40% subject to attaining certain milestones
*** See news release Nov 12, 2018 - Subject to proof of concept & positive feasibility study
Standard Lithium has an option agreement with NYSE listed TETRA Technologies Inc. to acquire the rights to conduct exploration, production and lithium extraction activities on 27,262 acres of brine leases located approximately 40km west of the Lanxess project. This is in an area where the Smackover Formation is known to be highly productive. The TETRA Project lithium brine Inferred Resource, as reported, is contained within the Upper and Middle facies of the Smackover Formation, a Late Jurassic oolitic limestone aquifer system that underlies the entire property. This brine resource is in an area where there is localized oil and gas production, and brine is produced as a waste byproduct of hydrocarbon extraction. The data used to estimate and model the resource was gathered from active and abandoned oil and gas production wells on or adjacent to the property.
The resource underlies a total of 807 separate brine leases and eight brine mineral deeds which form a patchwork across Columbia and
Lafayette Counties in southwestern Arkansas. The property consists of 11,033 net hectares (27,262 net acres) leased by TETRA, and the resource estimate was only modeled for that footprint.
Standard Lithium has agreements with regional independent oil and gas producers with open, unused Smackover Formation wells in and immediately adjacent to the new lease area to gather new, high-quality lithium brine samples from the key brine production zones.
Notes:
[1] Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no guarantee that all or any part of the mineral resource will be converted into a mineral reserve.
[2] Numbers may not add up due to rounding.
[3] The resource estimate was completed and reported using a cut-off of 50 mg/L lithium.
[4] The resource estimate was developed and classified in accordance with guidelines established by the Canadian Institute of Mining and Metallurgy. The associated Technical Report was completed in accordance with the Canadian Securities Administration’s National Instrument 43-101 and all associated documents and amendments. As per these guidelines, the resource was estimated in terms of metallic (or elemental) lithium.
[5] In order to describe the resource in terms of ‘industry standard’ lithium carbonate equivalent, a conversion factor of 5.323 was used to convert elemental lithium to LCE
In the conventional process for lithium extraction from brine, the lithium-rich salt water is pumped to the surface and deposited into a series of massive ponds that occupy many thousands of acres where passive solar evaporation occurs. This process can take anywhere from eight months to greater than a year. After the water has evaporated, and other minerals have been precipitated out through the addition of chemical reagents, the remaining lithium enriched solution is transferred to a plant where additional unwanted elements are removed from the solution. It is then chemically treated to create the final product of lithium carbonate, or further processed to lithium hydroxide. This entire process involves pumping millions of gallons of brine per day to the surface in some if the driest and most fragile eco-systems, the process is also very inefficient with lithium recoveries of roughly 50%, leaving much of the precious material unharvested. The removal of massive volumes of brine can also impact nearby freshwater aquifers exacerbating existing water shortages, and the evaporation process leaves huge salt tailings piles.
A new, modern approach to how we extract and process critical minerals like lithium is overdue.
For the company’s south Arkansas projects, Standard Lithium has developed a proprietary process called “LiSTR” that uses a solid ceramic adsorbent material with a crystal lattice that is capable of selectively pulling lithium ions from the “tail brine” or waste brine after it has gone through the bromine-extraction step. The ceramic adsorbent materials are mounted in stirred-tank reactors that contain the tail brine. In the second step, the adsorbent releases the lithium for recovery.
The Li-extraction process (diagram) takes advantage of the fact that the brine leaves the bromine process heated to approximately 70°C. This means that no additional energy is required, and the reaction kinetics for the adsorption are suitable. The process can reduce the time required for Li extraction from months (with the evaporation ponds) to hours and is capable of producing a high-purity LiCl solution for further processing in the battery industry. The Li-extraction operating as a “mini-pilot” project has run continuously for a number of weeks utilizing raw tail brine from the project and a larger modular industrial scale Demonstration Plant is expected to be deployed at Lanxess’ southern processing plant in the fourth quarter 2019.
The Smackover Formation is an extensive porous and permeable limestone aquifer that hosts huge volumes of mineral-rich brines, as well as hydrocarbons. The Smackover Formation brines are one of the largest source of bromine in the world, but the brine also contains significantly elevated levels of lithium – typically ranging from 150 to 500 mg/L. Several dozen wells pump out brine and send it via pipeline networks to process plants. Once minerals have been extracted the waste brine (tail brine) is re-injected back into the Smackover Formation aquifer.
Average annual brine production between 2010 and 2016 is estimated at 42.6 million m3 (9.4 Billion US Gallons) from Arkansas Oil and Gas Commission data. Presently, bromine is recovered from brines in Columbia and Union Counties mainly by Lanxess and Albemarle Corporation.
Core samples from Smackover Formation visually demonstrates well defined high porosity. High Porosity is present throughout the project area. The Smackover Formation can produce large volumes of brine and allows for large volumes to be reinjected.
Southern Arkansas is a business-friendly jurisdiction with a decades long history of operating chemical, oil & gas, forestry, and manufacturing industries. The region’s hydrogeology is well-documented, the large existing commercial brine production brings a significant infrastructure investment along with access to low-cost power, water, and a skilled workforce.
Standard Lithium is in a unique position to leverage the existing brine production to fast-track the projects commercial development with the aim of building the first new U.S. lithium project in over five decades.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |