SYA 0.00% 3.5¢ sayona mining limited

my reading of the situation is that PLL were stuck for cashflow....

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    my reading of the situation is that PLL were stuck for cashflow. I would say JB had gone to the JV partner (PLL) and said right- this is what the carbonate plant is going to cost in terms of the trade off- are you in or out? PLL was obviously out given current cashflow constraints (caused by US delays and declining lithium price) and their only option was to sell SYA to shore up cashflow and retain the JV arrangement (for now). Most likely we will see the carbonate plant going ahead with the new partner and the JV arrangement falling into the past gradually over next couple of years. PLL have still made good money on sale of shares and probably will make good money in the intervening period on spod sales, but my gut feeling (not advice by the way) is the ALB are the buyer and they will be the partner for SYA (noting there recent tie up With BMW). It's tricky but recent buying of SYA has been sustained and the market certainly is saying we have a big fish interested
 
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