Blue Orca at its best or.....worst
The new attack from Blue Orca triggered another wave of selling that pushed the stock lower again on Nov. 22. But the selling pressure abruptly reversed on the day before Thanksgiving.
That’s when the company announced a $100 million investment by Koch Strategic Platforms (KSP), a subsidiary of Koch Investments Group.
Importantly, the press release that announced this investment included the following line:
“[KSP’s] Direct Investment follows extensive due diligence into Standard Lithium’s LiSTR DLE technology, Demonstration Plant and project objectives…”
Presumably, therefore, KSP possesses a more intimate and sophisticated understanding of Standard Lithium’s extraction technology than do the short-sellers at Blue Orca.
The stock has been rallying ever since.
An Early Warning
To be sure, the short-seller’s attack on Standard Lithium was a frightening event. But ultimately, misinformation lost this battle.
Furthermore, the company has emerged from that attack with its credibility intact and its investment potential greatly enhanced by a major new investment from what could become a major strategic partner.
The stock remains what it was when I first recommended it to my subscribers: a speculative, unproven play on a “home-grown” battery-metals supply chain. But the stock has become somewhat less speculative in the wake of KSP’s $100 million buy-in.
Recently NM visited Uganda for a DGR/Armour ceremony. Maybe he extended his stay for the purpose of getting advice from the mountain gorrilas. There are some wise guys up there. They don't have their heads in the mist, like the rest of us.
Recently NM visited Uganda for a DGR/Armour ceremony. Maybe he extended his stay for the purpose of getting advice from the mounrain gorrilas. There are some wise guys up there. They don't have their heads in the mist, like the rest of us.
I know that the market doesn't like uncertainty. But what kind of uncertainty. Just look at Solgold that is uncertainty. In our case the investment is almost a given, just the question is at what price. Ghana tries to leave a few dollars on the table, for themselves and for their people.
Once MIIF's investment is confirmed, mining license could follow sooner than we anticipate. Because they know, the sooner our product can hit the markets, the better for them and for their people, again.
This is sort of a race, the sooner we hear the starting pistol go off, the better. Sign dat thing..........