General Discussion Topics, page-137254

On top of that SYA has just undertaken a review of operations.

One of their critical conclusions must have been that with the capex works coming online and the subsequent expected increase in production volume as a result, then the cost of production would reduce below what they sell to PLL under the offtake agreement.

If not, the only answer would have been C&M, not continue ramp up.

First 113kT going to PLL before SYA can sell excess elsewhere, so SYA lives and dies by profitability on PLL OTA.

Would not be profitable on PLL OTA at this time, but essential they get therebefore end of 2024.

If they did not reach this conclusion then the BOD decision to continue to ramp is negligent in my view. You cannot sign off on a ramp up only to make a loss. Directors might be subject to legal action if this is obvious. Hence, maybe blind faith, but I do not believe they would make such decision.