Whisky, why would we want to seriously crimp the potential multiple SP appreciation from the developing SYA projects that a merger with PLL would most likely stifle?
Like most merged entities you really just start with a new Company that contains all projects and whether that stifles growth or enhances it over time is something that can only be discovered over time.
I'm no great fan of a merger with PLL but needs to be looked at it from what merits it could contain, taking any bias out of it.
In the end most of the bitching around here is based around the OTA with PLL , a merged entity revolves that issue as it become 100% owned by the new entity with two existing OTA's with Tesla and LG in place. Would also contain three other existing projects in various states of progress and combined cash of around $US230m.
Common sense and availability of raising finance would dictate which projects proceed, be they hydroxide or Carbonate and which are canned, sold off or put on hold.
As often with mergers its how it's done not the fact it is done, most are done with rationalisation of assets and/or survival by becoming a slightly bigger fish in the pond in mind.
At some point SYA will need/ or be required to consolidate SOI and a merger would deal with that.
Whichever way you look at it both Companies have a lot of spending ahead and every option needs to be looked at IMO..revenue has rapidly become an issue for both companies and they both source their revenue from the same project and will for years.
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