SYA 6.90% 3.1¢ sayona mining limited

Ann: First Shipment to Launch NAL Concentrate Revenues, page-409

  1. 383 Posts.
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    You're not even making sense. There is a JV between two parent companies, whilst the project itself acts in the best interest of the JV, both companies own the JV, if it goes to sh1t you think there will be no impact to SYA or PLL? So, in the same vein they would both equally profit from revenue.
    This argument that they (the JV) must "approve a dividend distribution" is nonsense, why wouldn't they approve it? why would they withhold money from themselves? Obviously they keep what they need to meet their forecast costs for O&M etc. but the rest goes to the company maate, come on!
 
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