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13:54
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Originally posted by Rylean:
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When the quarterly drops this afternoon or one day next week I hope it addresses the following key risks facing this company with a strategy for the way forward...ONE - NAL. Address the key issue of carrying on with NAL operations in light of current concentrate pricing and strong possibility of low prices continuing. PLL have offtake agreements and wont want any disruption to production and supply to fulfill those agreements, especially since PLL say they are looking at deferred supply until later this year. JB strongly infers they value that JV with Piedmont and won't want to jeopardise it. TWO - NAL. So hopefully, the financials for this past quarter will show improvement in revenues through sales of concentrate from NAL. That would be good. What if the financials are not that good - e.g. only four quarters of available funding and most of that is through the ATM facility with Accuity? PLL appear in the box seat with NAL operations as they fund only 25 % of the costs and get most of the economic benefit long term for 50% of the output due to their JV agreement with SYA. The issue that I think needs to be addressed is - is that JV agreement a long term proposition? If no, it would appear a revamped agreement would need to be negotiated sooner rather than later.THREE - GOING FORWARD. I hope the governance issues can be settled quickly so that major financial and strategic issues such as those above and others can be effectively addressed. By that I mean appointing an independent Chairman and comprehensive risk assessments (with actions to address risks) are developed.
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When the quarterly drops this afternoon or one day next week I hope it addresses the following ke y risks facing this company with a strategy for the way forward...
(20min delay)