Your view shortens the story.
a) A price was agreed with a floor of $500 and a ceiling of $900 to absorb normal price increases without new negotiations.
b) It was agreed that by 2027 at the latest, SC6 production would be phased out in favor of LCE production.
c) It was assumed that CLP LCE production would start in 2023.
2 things have changed: 1. prices have gone through the roof. This was not foreseeable by either side. Windfall profits are now occurring.
2. PLL has missed out on CLP permits.
In the spirit of the original agreement, it would be fair to give the windfall profits to both partners.
But as I wrote long ago, KP is no longer a partner he is a bankster. He even tries to generate profit from his big mistakes only for himself and PLL.
Fair he was once, times have changed.
Your view shortens the story. a) A price was agreed with a floor...
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3.5¢ |
Change
-0.001(2.78%) |
Mkt cap ! $360.2M | |||
| Open | High | Low | Value | Volume |
| 3.5¢ | 3.7¢ | 3.4¢ | $8.754M | 249.3M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000000 | 3.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 4706070 | 7 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SYA (ASX) Chart |