Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-49

The deal with PLL is slowly destroying SYA , because PLL held up the carbonate plant development so that they would get more cheap spod.

Little or No profit for JV at $900 deal, SYA don't get enough cash flow from the remaining sales to fund exploration and development of the carbonate plant at NAL.

No one will buy NAL so long as that deal with PLL is alive.

The deal is death by a 1000 cuts, the strategic review must consider all strategies to get rid of the PLL deal including legal action if they are not right up to date with monies owed to the JV.

If SPOD prices drop any more It may be better to halt production and use remaining funds to build the carbonate plant.