SYA 0.00% 3.2¢ sayona mining limited

VOTE NO AGM 2023 RESOLUTION 1-5...... NO, page-666

  1. 2,613 Posts.
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    It's funny that you're arguing this SB. You have no legal justification for your argument (we haven't seen the long-form version of the contract), and it's really not important anyway. When NAL was acquired, there was a huge resource base as is - plenty to fuel expansions over the very long-term. As to whether "life-of-mine" is just restricted to that known resource, or future expansions, is nothing but a distraction when you consider the broader SYA issues. Far far far more important is SYA finding a way to get the Carbonate plant online. As per the contract, both SYA and PLL have to agree to proceed downstream. In this much lower Spodumene pricing environment (relative to a year ago), it's more difficult for both SYA and PLL to fund the Carbonate plant, noting the other Capex requirements of NAL's ongoing capital works program and Moblan.

    I do recall you were arguing that SYA shareholders should be able to retrospectively vote-down the PLL offtake agreement, as it wasn't in the best interest of SYA shareholders. I learnt from that not to listen to you when it comes to legal advice....
 
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