@cmonaussie
I did notice all that... seems the red heart figjam has gone into 'light globe' phase judging by the post copied at the bottom. Appears PLL is now under the control of SYA....They really are an emotional lot over there..One can only hope for a little green in the SP, just to calm the nerves of the overcommitted.
Funny also then, how PLL include, not only SYAQ and Atlantic - but also SYA in its equity method reporting. Of significance, with equity method reporting, it is applied when the reporting entity has the ability to exercise significant influence over the operational decision-making authority and financial policies of the investee. If the cesspit actually read that part they'd be livid...(PS. Hopefully they don't read this...
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What did come out of "Champagne Charlie and the struggle crew" (I like that phrase) and their 'analysis' (and I use that word extremely lightly) of the cashflow stmts/quarterlies is that they have absolutely NO Idea how a JV operation works, or reports. Let them hang onto their fantasies that PLL is indebted to SYAQ (extremely unlikely) given that the JV will have a budget that it runs to, and both JV partners will be required to provide funds regularly. The timing of payment of JV expenses from that pool of funds would make it very difficult to match $ for $ in JV accounts, and nigh on impossible for those inexperienced retail investors looking at consolidated accounts in a quarterly basis!! In fact, the way SYA operate/communicate at the moment, I reckon PC et al would have trouble following the internal journals.
Wouldn't matter if SYA fell below 10c, I couldn't bring myself to be associated with some of the less than savoury types over there... But, then again, you never say never...esp. for a $
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