Each partner in the jv has a vulnerability that could endanger their viability.
SYA has to live with the OTA with PLL.
PLL relies on SYA to operate the only asset that generates revenue..
It is in the best interest of both parties to ensure the other survives.
I have no doubt an agreement to ensure the viability of both could be worked out.
The recent downturn in lithium prices has shown us that both companies were almost on the brink, (hence the review).
Now that it appears the danger has eased, they should do everything possible to ensure it doesn’t happen again.
I don’t think there is even a remote possibility that either company is in a position to buy out the other, (or would want to).
If there is solidarity between the partners, the likelihood of a hostile takeover is reduced.
Each partner in the jv has a vulnerability that could endanger...
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Last
4.5¢ |
Change
0.004(9.76%) |
Mkt cap ! $463.1M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.5¢ | 4.2¢ | $1.768M | 39.99M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 7013461 | 4.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 1144013 | 6 |
View Market Depth
| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
4.3¢ |
Change
0.004 ( 3.37 %) |
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| Open | High | Low | Volume | ||
| 4.2¢ | 4.3¢ | 4.2¢ | 11759393 | ||
| Last updated 16.04pm 31/05/2024 ? | |||||
| SYA (ASX) Chart |