yes, that's right - the main amendment is the Consolidation of SYA shares - 150:1.
I have not given much attention to the relative valuations of each company ie 50/50 valuation split. That should be the focus of attention.
Given the really SP of SYA of less than 2c, and 11.5 Billion shares on issue, a consolidation was clearly needed. They could not really have done that once the merger was completed. Too messy, because they would need to get the approval ( formal or informal) of directors/shareholders of PLL.
We really just need to see lithium pricing improve.
Maybe these tariff wars, and isolationist USA policies move forward, we might see lithium pricing improve?
Surely merger cost savings will see cashflow improve?
It will take at least 12mths for advantages of merger to translate to consistent cashflow improvements?
Ann: Amendment to Merger Agreement with Piedmont Lithium, page-25
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Mkt cap ! $184.6M | |||
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