General Discussion Topics, page-24857

If you honestly think that if a funding loan of say $200 million which is specifically ' ring-fenced ' for the specific purposes of funding the Sayaon Quebec operation's CAPEX is going to result in Piedmont having to pay more than its 25% a share atf $80 million just because they have an ' Economic ' interest in Sayona of lets use 20% , then you don't really understand the structure of their intended agreement with Sayona.

Sayona Quebec is a separate ' subsidiary ' operation and one which Piedmont has specifically taken an interest in 25% ONLY.

So I don't mind if you correct me on the 19.9% because for ease in my illustration I used the rounded 20% and not because I wasn't aware of this.

So you are wrong in terms of the liability for the Funding that Piedmont verses Sayona would incur in so far as it relates to their 25 % / 75 % split on the North American Operations of Sayona Mininng. If you were right then Piedmont would have had to of paid more of the NAL closing settlement as well.......which they did not.