What this shows to me though is WTF was SYA doing.
Firstly PLL has been paid before the first shipment has even been sent. This is where SYA has struggled, we aren't PLS/FMG/BHP, at this point in the game every thing needs to be announced, so how much did we get for our shipment.
Secondly. Based on $31.6m for 15,000 tons they are getting $2,101 a ton, add on the 20% once received $2,522 a ton. Well below current spot prices.
Thirdly, doesn't PLL have offtakes? Why is it being sent to a trading company?
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