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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 whoa_rimcheeseon Oct 26, 2012 10:14am
171 Views
Post# 20526831

Anyone at all

Anyone at all

It is healthy to ask questions and expect accountability. And this can lead to the situation where different directors are nominated then those currently in the position. HOWEVER, it appears like most who are pro-SLI but don't support current management will take anything. Now, if you look at the track record, Lori has actually overseen a tremendous increase in price - to a valuation that was way beyond what was probably reasonable.  Heck, Lori gave some of the early adopters and opportunity of a lifetime. Unfortunately, the drill results didn't support the valuation and the share price crumbled. It isn't her fault there wasn't the quality of intercepts needed to keep the share price at a high level. Funny, people seem to want to blame management actions for everything, when 90% or more of the decline was due to the DRILL RESULTS. Now, Lori is raising money - which is a very smart thing to do - who knows? In one year, or less, the markets may be in such a state that it is not possible - then what? Mothballs for years. At least if you are cashed up, even in the face of dilution, as a mineral explorer you can weather the storm while executing a drill program. You think Lori wants this company to fail? Of course not. She wants to hit the ground again drilling to begin the process of increasing the share price - AGAIN. She has done if before. Just because you don't like the drill results, don't kill the messenger.

Now, as for excepting anyone to replace - a couple of electrictians and an HR manager - even if one or some worked at a mine does not consitute the right mix of individuals to increase the share price. In my experience, for a junior exploration company, having an individual with a banking/broking background is great. They know how the game is played and they are very adept at getting financing (THE MOST IMPORTANT THING FOR A COMPANY TRYING TO BUILD A RESOURCE). With these directors, if you end up with a situation where they bring a "buddy electrician" CEO, you are all SUNK. The contacts needed are critical. If people are looking for different directors - maybe try finding ones that have actually had (at least one of them) a director seat before, have contacts/background in mining and banking (real background). Be careful what you wish for. Yes, the dilution seems painful, but the company will be cashed up to enter the spin zone again.

Bullboard Posts