The problem is the shareholder agreement is the shareholder agreement- the respective parties are 75:25. I have never in 20 years saw a shareholder agreement that gives a disproportionate privilege to a minority shareholder. Never- not ever. If a vote is unanimous as you point out surely this will be in accordance with the shareholders voting outcome. The OTA is a commercial agreement for up to 50% of production - don't mix this up with voting power. Indeed I believe PLL wouldn't want JV ceasing operations for obvious reasons no more than I would or indeed SYA. However, markets change and shareholders will have their respective say. C&M is just an option and it's not just to purposely void PLL agreement- it's about protection of shareholder wealth.
My buy sentiment continues to be a buy, because I don't believe it will go into C &M, purely because allot of cost have been sunk and we can weather this storm for at least six months- by then restocking will have started and Mr Biden's juicing of the US economy will have begun in preparation for the elections late 2024.
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Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $55.40M |
Open | High | Low | Value | Volume |
13.5¢ | 14.0¢ | 13.3¢ | $370.3K | 2.705M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 290011 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 362222 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 120988 | 0.135 |
17 | 1631984 | 0.130 |
6 | 625942 | 0.125 |
19 | 612985 | 0.120 |
6 | 565000 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 345586 | 17 |
0.145 | 568812 | 9 |
0.150 | 183872 | 10 |
0.155 | 183888 | 3 |
0.160 | 31343 | 3 |
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