Which was why I first posted
"Best to read this thoroughly ... and ignore those less read"
Insulting and Blissfully Ignorant drinking the cool-aid spouted by ...
IMO your assumption is correct and most see SYQ as a part of SYA ... so SYQ cash is SYA cash to spend as SYA sees fit. The notion it is separate cash and separate cash flows are a foreign concept, just like how it is funded and the JV/terms. I don't know how many times its been said that PLL is both the JV's largest customer (i.e. PLL buying from SYQ via its OTA) and a partner (a 25% equity owner of the JV) which contributes capital when the JV makes a "cash call" on its equity funders and a recipient of a cash dividend when the JV makes a distribution. The JV's working capital (its cash from equity funders and any operating cash flow retained) pays Opex. All this appears lost in translation along the line.
I agree it done, by design, solely to point the finger of blame at PLL. The mantra of take PLL discussion to the PLL forum only applies if the post is made by a PLL shareholder. It's open season to trash PLL and its mgmt on SYA forum. Facts are not necessary - they usually are in the way and need to be buried ... the epiphany will come (yet again) how this JV actually does operate.
Even the 113Ktpy remains misunderstood. When annual reporting is done it wont matter. Unlikely to be exactly 113Ktpy and that figure will be short or long (and wont that cause a ruckus) because shipments matter and all that's needed is an adjustment to the following year. If I were operating the JV though I would ship on the basis of how confident I am on the amount of production. I mean if I was "certain" the mine would produce 180Ktpy (for example) I sure as hell would not be shipping the first 80Kt as SYQ cargoes. But, if was "certain" of producing 250Ktpy I sure as heck would like to ship the first 100Kt as SYQ cargoes. Reality almost surely dictates alternate cargoes keeping PLL tonnage always on track for close to 113Ktpy.
The factual documentation is the SEC filing we are looking at.
- Forums
- ASX - By Stock
- PLL
- Ann: Quarterly Report (Form 10-Q)
Ann: Quarterly Report (Form 10-Q), page-62
-
-
- There are more pages in this discussion • 112 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLL (ASX) to my watchlist
|
|||||
Last
13.0¢ |
Change
0.020(18.2%) |
Mkt cap ! $53.18M |
Open | High | Low | Value | Volume |
12.5¢ | 13.0¢ | 12.5¢ | $168.9K | 1.337M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 201571 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 224482 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 201571 | 0.125 |
4 | 120419 | 0.120 |
4 | 31081 | 0.115 |
51 | 1800017 | 0.110 |
18 | 631409 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 224482 | 11 |
0.135 | 192224 | 3 |
0.140 | 256590 | 6 |
0.145 | 85998 | 5 |
0.150 | 17644 | 4 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
Featured News
PLL (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online