SYA 8.57% 3.8¢ sayona mining limited

Unfortunately I still cannot get my head around what possessed...

  1. 46 Posts.
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    Unfortunately I still cannot get my head around what possessed SYA to sign up to an off take agreement with PLL giving them the right to 113000tpa of SP6 or 50percent of production, whichever is the greater. The lower price is $500 per tonne and upper price $900 per tonne. Even on PLLs website they are on selling the SYA off take to LG and Tesla at market prices and have listed 113000 tpa up to 2027. This can change if the JV agrees, to pursue carbonate or some other plant either at NAL or elsewhere. The way I read this is that all PLL need to do if SP6 price remains comfortably above $900 t is refuse to agree on a jv and SYA are locked into $900t max for the life of the mine. I am in the red on this hence opening my eyes. I am attempting to look for some blue sky on why this highly one sided deal was done. Any insight much appreciated. Love to continue to hold but this is the sticking point.
 
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