General Discussion Topics, page-115626

Dont know why you think its crazy, the deal with PLL was done when spod was $300 a ton and trending down.

There is only one and simple reason why NAL went bankrupt -> low spod price, which conversely allowed SYA with PLL $20m to buy NAL

During the same time GXY and PLS both also signed OT, when extrapolated both GXY and PLS also signed steep discounted contracts, I would say both wanted a floor price meaning (at the time) trading/offering steep discount if spod went above $1000.

I wouldn't discount PLL making a conditional offer, PLL has significant holdings, PLL need spod and SYA have uncontracted tons plus with thousands of retail holders underwater if PLL made a 15c conditional on market offer to buy, PLL could end up with controlling stake. There is no reason for TO, PLL can have its cake and eat it quite comfortably.