What I want to know is its impact on the JV arrangement going forward- the JV being a separate commercial arrangement. PLL presumably still retain 25% in SYAQ via JV, but there sharing holding in SYA reduces to circa 4%? Didn't they originally hold 15% -16% of SYA? Does the JV contain provisions for equity disposal or transfer of ownership? Given that JB is a commercial lawyer I presume he has thought of this.
It would appear they (PLL) have done this for cash flow reasons- purely but if they still retain 25% equity in JV they will still have to fund it at current lithium prices.
On the other side someone is after obtaining 11% equity stake in SYA and this is clearly material - it has to be a partner of some description and will have to be reported to market. Share price rising in tandem leads me to believe a large proportion of PLL holding was shorted.
General Discussion Topics, page-132086
-
- There are more pages in this discussion • 11,957 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SYA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.1¢ |
Change
0.002(6.90%) |
Mkt cap ! $319.0M | |||
| Open | High | Low | Value | Volume |
| 3.0¢ | 3.3¢ | 3.0¢ | $3.971M | 128.5M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 15697465 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 594033 | 3 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| SYA (ASX) Chart |