Ann: Trading Halt, page-307

I don't think many people on this forum or on social media quiet understand what Sayona is saying in that 1 paragraph. IMO this is one of the dodgiest things I have seen a company attempt to pull in my life.

What Sayona is essentially saying is:
1)We are locked into Supplying PLL at US$900/t for atleast 50% of SC6 over the life of the mine.
2)We predict that in 2025 and beyond we won't be producing SC6, so we won't have to sell it PLL at US$900/t, as we will producing hydroxide or carbonate instead which is not subject to our current agreement

Points 1 and 2 are both very reasonable and I fully agree with, but #3 below is where they got dodgy:
3) Because we won't be producing and selling SC6 in 2025 and beyond, and considering this is an SC6 feasibility study we are releasing, we are just going to ignore the US$900/t agreement, instead we are going to model market rates for 2025 and beyond even though we wont be able to sell 100% of SC6 at market rates as we are contracted for the LOM, but it makes our PFS numbers look better if we do. We promise to release a PFS/DFS for an onsite plant in the near future that clears this all up

MAJOR RED FLAG #3