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Well, I' m not trying to take over this board. There is money to be made here and today would be a great day to bring your best coupons to the market where stocks are sold .
Some are bailing because they won't take the time to assess the upside potential, let alone give it time to manifest. Bad move for many. I bumped up my position 25% this morning. I'm patient and I can see pretty clearly where this is going . Consider taking a position if you have not already done so .
When I got into this a few months back, I assumed market pressures would knock the price down by about half. It went even more than that!
Tomorrow, the company will discuss latest results. I see the volumes over the past week or so are moving up as is the pps. This could be more than just predictive optimism manifesting.
The company has big contracts to fill once the new plant is open, therefore I am optimistic, too. There is more good to see here than not . I call this a good play right now . And the warrants are a steal.
THV
Sumitomo Corporation is one of the largest worldwide sogo shosha general trading companies, and is a diversified corporation. The company was incorporated in 1919 and is a member company of the Sumitomo Group.
Revenue Increase$ 32.16 billion USD
https://en.wikipedia.org/wiki/Sumitomo_Corporation
Sumitomo Corporation of Americas https://www.sumitomocorp.com/en/global
Industry
International Trade and Development
Company size
501-1,000 employees
Headquarters
New York, NY
Type
Privately Held
Founded
1952
Specialties
Oil & Gas, Infrastructure, Lifestyle & Consumer Products, and Natural Resources & Agricultural Products
Item 8.01 Other Events.
On January 28, 2025, Stardust Power Inc. (the “Company”) entered into a non-binding letter agreement with Sumitomo Corporation of Americas (“Sumitomo”), a New York corporation, contemplating a long-term commercial offtake agreement, pursuant to which Sumitomo would agree to acquire 20,000 metric tons of lithium carbonate per year from the Company’s first line of production, with the potential to increase to 25,000 metric tons based on mutual agreement. The initial contract term would span 10 years starting from the date of the first qualification of the Company’s lithium carbonate for sale to any of Sumitomo’s customers, with an option for Sumitomo to renew for an additional five years under mutually agreed terms, provided written notice is given to the Company at least twelve months prior to the end of the initial term.
The parties have agreed to pricing based on spot market prices published by either Fastmarkets or another mutually agreed upon reputable market price reporting agency and agreed to collaborate reasonably and as necessary to adjust pricing in the future to accommodate specific customers. The parties agreed to undertake joint marketing efforts to promote the lithium carbonate, with Sumitomo agreeing to minimum marketing activities to be determined in the definitive agreement.
Under the agreement, prior to producing a battery grade product that is qualified by end-use customers, Sumitomo would agree to purchase technical grade lithium products at the annual volumes or in volumes up to what Stardust Power produces based on spot market prices published by either Fastmarkets or another mutually agreed upon reputable market price reporting agency.
The transaction is subject to the negotiation and execution of a definitive agreement by the parties. A detailed negotiation timeline will be established to include milestones and deadlines for key deliverables.
8-K
02/03/2025
https://www.otcmarkets.com/filing/html?id=18148894&guid=_Z0-kK1YE67fJth
This deal with Sumitomo could be a very big deal if everything plays out just as it should. Make sure you have your chips in the game soon.
THV
SDST, new 52 weewk low
Entry: $1.68
Let's see how this plays out short-term.
SDST new 52 week low
here we go!
hi zar. 
SDST: Wall Street does NOT let every firm 'RING-THE-BELL' when they IPO, like this firm did several days ago --- so, maybe SDST is about something SUBSTANTIVE. (Remember when Mark Suckerberger did that years ago, behind his stupid FACEFUCK company???)
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