PLL General Discussion, page-2133

I'm actually not so sure this time Aussie, PLL has a very significant cash requirement for funding the Ewoyaa project over the next year as we all know.

Admittedly I've been quite out of the loop the last month or two, but I think numbers are starting to come to a head before a raise for further capital is required and needless to say at these prices that would be highly dilutive if that were to happen.

Current cash balance as of 17th Jan 2024 was US$72m. So, that covers the initial funding for Ewoyaa which is contractually required first, and that's it.

So, you and me have said previously we both see a possible equity contribution to SYAQ this quarter (in my eyes as I've previously stated possibly retrospectively for part of the quite significant capital works carried out over the December quarter.

I dont believe Piedmont is currently making any profit from it's onsale of NAL spod at these current price levels personally, especially due to the discount mechanism to market pricing with the LG Chem offtake. Where is more cash now coming from at this stage if Ewoyaa is to progress? I did not realise there were claimed arrears (whether disputed or actually unpaid) for Ewoyaa so I admit that has come as a bit of a surprise and apologies for that.

But honestly, things are starting to look very tight indeed, and clearly the market would agree. Today was another considerable sell off, the largest since March 2023 in fact.