 Hey guys, this is rich from rich to be live and I wanted to bring to your attention standard lithium so I've been looking at this company for quite some time and they are You can see her on their chart that they were at a high in 2017 in November of two dollars and sixty-eight cents. It has not been at that level since and I like to always like mark the high high and the low low and you can see that the low low wasn't too long ago August was the low low of 82 cents and then it went up to a dollar What dollar sixty range and then it came all the way back down To you know 82 again 84 and then it went all the way up again Just recently to a dollar thirty-seven and now it's come back down to where we are at a dollar ten Now we might have an opportunity to get down a little bit lower here Maybe get down to the 80 range again if we can get there then it's definitely going to be a buy But I just believe with some of the news that's coming out that this baby is going to go up I mean explain to you why Everyone kept saying today. I was doing videos and everyone's like standard lithium on full alert I'm like what do you mean the stock didn't go up. It just stayed the same. It's at a dollar ten, but People are like saying it's a full alert. It's full alert. So I read the news Standard lithium announces 10.5 million bought deal Interesting standard lithium SLL in Canada STLHF in America S5 L dot F in Frankfurt, Germany Announces that it has entered into an agreement with a syndicate of underwriters led by can accord January the Corp Collectively the underwriters pursuant to which the underwriters have agreed to purchase on a bought deal basis pursuant to a short form Prospectus 10 million 500,000 units otherwise known as the units of the company at a price of one dollar per unit otherwise known as the offering price for gross proceeds of 10,000,500,000 Otherwise known as the underwriting offering Each unit shall consist of one Common share and one half of one common share purchase warrant of the company each whole Common share purchase warrant a warrant each warrant shall be Exercisable to acquire one common share of the company for a period of 36 months from the closing date as herein defined at An exercise price of a dollar 30 subject to an adjustment in certain events Interesting in Addition the company has granted the underwriters an option the over allotment option and together the underwriter Offering the unwritten offering otherwise known as the offering to purchase up to 1,575,000 additional units at the offering price to raise additional gross proceeds of up to 15% of the underwritten offering for a period of 30 days After and including the closing date to cover over allotments if any and for market stabilization purposes Wow, this could be big guys This could be the start of something big. Why would they give them 10 million five hundred thousand dollars at a dollar? If they thought it wasn't gonna go way higher The net proceeds from the offering are expected to be used by the company for advancing its existing asset portfolio and general working capital purposes Closing of the offering is expected to take place on or about March 19th 2019 and is subject to certain conditions including but not limited to the receipt of all applicable regulatory approvals including approval of the TSX Bencher exchange The units to be issued under the offering will be offered by way of a short-form Prospectus in each of the provinces of Canada except Quebec The units may also be offered in the United States on a private placements basis Pursuant to exemptions from the registration requirements of the United States Securities Act of 1933 as amended the Securities Act The US Securities Act and in certain other jurisdictions in accordance with equitable securities laws This is crazy These guys are playing with the big boys About standard lithium. I think that lithium could be one of the next hot industries and a lot of people are saying that as well And I just try to follow the money. Okay standard lithium SLL dot V is a specialty chemically chemical company focused on Unlocking the value of existing large-scale US based lithium Brian resources The company believes new lithium production can be brought on stream rapidly by minors minimizing project risks at selection stage resource political Geographic regulatory and permitting and by leveraging advances in lithium extraction Technologies and processes. This is what makes them so special The company's flagship project is located in southern, Arkansas Where it is engaged in the testing and proving of the commercial viability of lithium extraction from over 150,000 acres of permitted brine Operations utilizing the company's proprietary selective extraction technology The company is also pursuing the resource development of over 30,000 acres of separate brine leases located in southwestern, Arkansas and Approximately 45,000 acres of mineral leases located in the Mojave desert and San Bernardino County, California Standard lithium is listed on the TSX venture exchange under the symbol SLL Quoted on the OTC Nasdaq international designation under the symbol STLHF and In a Frankfurt exchange under the symbol S5L and the website is standard lithium calm So I'd love to know what you guys think now remember rich TV live is strictly for education entertainment purposes Always do your due diligence always do your research before you invest in anything that we talk about here in rich TV live Standard lithium What do you think? If you like this video, please smash the like button Comment down below share the video everywhere If you win then I win and if I win then you win we all win That's a win-win situation and that's what we like to create here rich TV live So, you know looking at the stock it looks like it could be channeling up from these lower levels Might be maybe dip a little bit But I think if you could position yourself this could be a good company long-term love to know what you guys think Standard lithium. I've been watching them carefully like a hawk. I want to see it go back to two dollars if we can pick it up Around a dollar. I don't know. I think I I think if we pick it up under a dollar Then We're winning big and we're at a dollar ten right now and with this news What do you guys think do you think it was higher? Do you think it was lower? A bought deal financing for for 10 million 500,000 with an option for Another 1.5 75 million what do you guys think I think this gives them Way more incentive to have players involved and hopefully this means that we'll see this stock do better Love to know your guys opinions comment down below This is their website www.standardlithium.com and their South Arkansas project Thanks guys for watching if you're not winning. You're not watching. It's true. This is your boy rich bringing the news standard lithium All over the news Announces a 10.5 million bought deal financing From a syndicate of underators led by Ken accord Januity Corp I'm a piece