General Discussion Topics, page-117354

Of course contracts can be renegotiated, when both parties are incentivised to do so.....

Other than an act of charity, why are PLL incentivised to renegotiate? They negotiated that agreement when the price of lithium was beneath the US$500 floor. Fair play to them. I hold PLL, but a lot more SYA (particularly thanks to the 9c and 10c buying opportunities of recent). If that offtake would magically vanish tomorrow, I'd stand to gain a lot of money from it (the SYA gains would absolutely diminish the PLL losses). That's just not happening though.

If I was PLL, and SYA came to me saying "please can we increase the cap to US$1,250 or US$1,500 for the sale price, rather than US$900", I'd be asking "in exchange for what % of the JV?". KP has fiduciary duties to represent his shareholders. It's peculiar that people expect one company to sacrifice profits to shareholders to 'do a solid' to their partner company.

I'm sure if SYA was willing to offer PLL a bigger chunk than their 25% JV ownership interest, all sorts of negotiations would be possible. If somebody is fundamentally against that, then that's all good - but if so, please also stop complaining about the offtake existing.