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Standard Lithium Ltd T.SLI


Primary Symbol: V.SLI Alternate Symbol(s):  SLI

Standard Lithium Ltd. is a Canada-based near-commercial lithium development company. The Company is focused on the sustainable development of a portfolio of lithium-brine bearing properties in the United States. The Company's projects, the Phase 1A Project and the South West Arkansas Project, are located on the Smackover Formation in southern Arkansas, a region with a longstanding and established brine processing industry. The Company has also identified a number of highly prospective lithium brine project areas in the Smackover Formation in East Texas and began a brine leasing program in the key project areas. The Phase 1A Project is a brownfield project being developed in cooperation with LANXESS Corp. The South West Arkansas Project is a greenfield project located approximately 15 miles to the west of the LANXESS facilities. In addition, the Company also has an interest in certain mineral leases located in the Mojave Desert in San Bernardino County, California.


TSXV:SLI - Post by User

Bullboard Posts
Post by Crazy_Hendersonon Feb 28, 2012 9:03pm
223 Views
Post# 19601844

Insider Selling

Insider Selling

When SLI was trading over 2 dollars per share, Lori sold a million shares or so (I don't recall exactly how many), and everyone felt a little agitated, but then low-and-behold she participated in a financing at 1.80 and bought back every share.  This was regarded as a great move because she cashed up the company and showed great confidence in the future showings at Tesoro.  History appears to be repeating itself.  I am of course speculating, but I suspect she is selling in order to participate in a future financing at a much lower price.  What's that like to know you can sell your shares today and buy them back at a much cheaper price tomorrow?  I bet a lot of longs here would appreciate such an opportunity. 

Bullboard Posts