For PLL to forego their current position would depend on how much they are hurting.
We might be misreading their current position, either up or down.
If PLL were to completely detach themselves from the carbonate plant, they would need to be compensated in some way as it was part of the original agreement.
I suggested a 50/50 split between SYA and a chemical company because it reduces the amount that SYA has to contribute, (as the new partner would be contributing more than PLL (25%) would have under the original contract).
The reduction in SYA’s equity in the carbonate plant from 75% to 50% allows them some wriggle room to negotiate with PLL.
PLL would still reap some benefit from the carbonate plant in any case as the are SYA’s major shareholder having just over 12% equity.
PLL stand to make easy money by allowing SYA to flourish.
If SYA realises it’s plans to have downstream processing at NAL, further expansion of the Southern Hub, development at Moblan and the Pilbara, PLL will become very wealthy with minimal input.
They will in effect be a silent partner.
This then frees them up to be as active as they want to be in their other interests in Africa, the US and Canada.
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