General Discussion Topics, page-132121

Initially I got excited about PLL selling SYA shares. Then I reviewed the PLL investment announcement years back, "Piedmont will acquire an initial 9.9% equity interest in Sayona for approximately US$3.1 million (“Share Placement”) and two unsecured convertible notes (“Convertible Notes”) for approximately US$3.9 million that upon conversion would result in Piedmont acquiring an additional 10.0% equity interest in Sayona. Piedmont will appoint one director to Sayona’s Board of Directors. Piedmont will also purchase a 25.0% stake in Sayona Quebec for approximately US$5.0 million in cash (“Project Investment”). "

So PLL sold most of its equity interest in Sayona, but NOT SYAQ, which cost they US$5m. That means nothing has changed in SYAQ operation and relationship with PLL, unless PLL can not fulfil its financial responsibilities in the future, or go under.

Just feels that, they need cash, hence hit the sell button. Nothing more than that. Sometimes we over complicate things, but I can be well wrong!

Still long way to go from here......but more optimistic than last year!