Yes we need PLL's cash which is currently more than our own...as at the end of march the JV had a combined $A191m in cash . The expectation at merger completion around mid year was $A155m, with the potential of another $A69m from RCF making a total of $A224m
With no debt obligations cash is not an immediate concern , as always the price of spodumene is the boss and will determine our fate but we have a good buffer to buy time and thats all we can buy.
Lithium/spodumene seems to go in strong runs in either direction, there will be a bottom and we are getting closer to it every day, with a bit of luck when it does turn it goes on another strong run but we certainly need it, it's been a long brutal winter in the Lithium space for all players.
Cheers Whisky
SYA Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
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