Mike,It's pretty simple isn't it. You hold both yet the public...

Mike,

It's pretty simple isn't it. You hold both yet the public msg by Guy L of SYA contradicts that of PLL. Of course as a PLL shareholder I have discussed my concerns with Keith (by phone not email ... and not gaining any confidential information ... ask the question the appropriate way). I'm confident that I know what PLL thinks.

What I don't know is how SYA views it. You have what Brett Lynch as MD of SYA a publicly listed company and regulated by ASX and ASIC. And then there is Guy L ... CEO of a subsidiary company 25% owned by PLL and 75% by SYA and with KP on that BoD.

Someone has "misspoke" or "lost in translation". I'd like it cleared up AND if I was a SYA shareholder I'd put the bloody question to Brett Lynch myself. Since it is Guy L who has spoken then SYA (BL) should clear it up.

Why would the ASX have "hall monitors" for cross-shareholding communications interests?

And to respond to "hasn't this one been beat into the ground enough already...?" NO!

It's a big deal to the cash flows (for both companies). We are potentially talking about US$100M/yr (IMO)
Using $400 Avg LoM Cash Cost in Authier DFS from SYA website, FX rate of 0.75, US$1,800 spot and $900 as PLL max and scaling production from 160ktpa in 2023 to 240tpa 2025 onwards we have




This is illustrative ...
.... the highlighted "Green text" is PLL buying SC6 from Sayona Quebec (SQ) under the offtake agmt. So I am just scaling up production to 240ktpa in 2025
.... the highlighted "Black text" is Total Sales Revenue for Sayona Quebec (SQ) under the offtake agmt.
.... the highlighted "Blue text" is estimated EBITDA to SQ and the 2 rows below illustrate the "project share". One would expect any earnings to be reinvested into SQ until it gets to "surplus cash" to then be paid out to SYA/PLL as a dividend.

I draw our attention to the green box of 2025 and the red box of 2026 ... where one is to assume that a LiOH has been built and according to Guy L the offtake ceases. That's the $100M question IMO and it ought to be clarified.


I think PLL's strategy is obvious and stated in BFS



30,000 tpa of LiOH needs about 225,000 tpa of SC6. Looks covered without Carolinas mine ... but I fully expect it to be permitted, constructed and producing at a minimum 180,000 tpa SC6

The DFS also talked about a "Merchant Chemical Plant" which had Capex of US$377M for a 22,720 tpa LiOH plant from 160,000 tpa of SC6 ... Given USA Fed Govt posturing for funding availability via U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing loan program.