What I want to know is its impact on the JV arrangement going forward- the JV being a separate commercial arrangement. PLL presumably still retain 25% in SYAQ via JV, but there sharing holding in SYA reduces to circa 4%? Didn't they originally hold 15% -16% of SYA? Does the JV contain provisions for equity disposal or transfer of ownership? Given that JB is a commercial lawyer I presume he has thought of this.
It would appear they (PLL) have done this for cash flow reasons- purely but if they still retain 25% equity in JV they will still have to fund it at current lithium prices.
On the other side someone is after obtaining 11% equity stake in SYA and this is clearly material - it has to be a partner of some description and will have to be reported to market. Share price rising in tandem leads me to believe a large proportion of PLL holding was shorted.
- Forums
- ASX - By Stock
- General Discussion Topics
What I want to know is its impact on the JV arrangement going...
-
-
- There are more pages in this discussion • 8,866 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SYA (ASX) to my watchlist
|
|||||
Last
3.6¢ |
Change
-0.002(5.26%) |
Mkt cap ! $370.5M |
Open | High | Low | Value | Volume |
3.7¢ | 3.7¢ | 3.5¢ | $2.158M | 59.44M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 2625000 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 5881377 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1525000 | 0.036 |
39 | 13222465 | 0.035 |
41 | 11642810 | 0.034 |
88 | 13962849 | 0.033 |
88 | 24000291 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 4271168 | 16 |
0.038 | 4700418 | 15 |
0.039 | 3766746 | 20 |
0.040 | 2588936 | 27 |
0.041 | 1955896 | 11 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
SYA (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online