Couldn't it be a simple case of PLL having to wait until all material information announced to market (ie Moblan DFS) and there being no other material information not in the market allowing a window to trade?
In turn PLL are rebalancing, they're not desperate but do need cash for other projects. Selling the shares gets them a nice profit from that which they were issued at. Also the shares didn't really give them any power over the company, other than a little more leverage maybe to delay carbonate (not a bad thing given lithium prices). PLL still have 25% in the SYAQ JV so they don't lose any say in its operations and they still have offtake agreement for 50% spod. So all this remains intact.
Further on the PLL rebalance theme, PLL as a SYA shareholder would need to stump up further funds to fund carbonate or Moblan at some point in future and PLL will already be stretched to fund other projects.
Just my thoughts and opnion.
Couldn't it be a simple case of PLL having to wait until all...
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Last
4.4¢ |
Change
0.004(10.0%) |
Mkt cap ! $452.9M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.5¢ | 3.9¢ | $6.247M | 146.6M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 389035 | 4.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 9873690 | 54 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
4.5¢ |
Change
0.004 ( 11.5 %) |
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| Open | High | Low | Volume | ||
| 4.1¢ | 4.5¢ | 4.0¢ | 97842107 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| SYA (ASX) Chart |