Ann: Trading Halt, page-226

What Sayona modelled in their PFS regarding Pricing was 1 of the most dodgy / corrupt things I have ever seen in the investing game. The company had 2 options:
1) Model a price of US$900/t over the life of the Project as they are contracted to do
2) They also could have waited to release the PFS until such time as they were ready to release their hydroxide / carbonate plans

Instead they chose option 3 (Which isn't an option). They have said we will honour the PLL deal until 2025, by which point we plan to have a hydroxide / carbonate plant so our existing agreement will be null and void...... BUT THEN THEY HAVE THE CHEEK TO MODEL MARKET RATES FOR SC6 OVER THE LOM ?????????

Anyone with any credibility will tell you the existing deal with PLL is over the LIFE OF MINE, it doesn't end in 2024/2025. The Only way for SYA to get out of the terrible deal is to begin producing Carbonate or Hydroxide i.e. Not have to sell SC6

It still doesn't answer the elephant in the room ! How can the company with a straight face release a PFS that uses Market Rates for SC6 beyond 2024/2025 when they know they are locked in with a Cap Price of US$900/t ?????