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3.23%

3.0¢ sayona mining limited

https://piedmontlithium.com/wp-content/uploads/Presentation-Janua...

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Shavalava

236 Posts.

11

09/02/23

10:48

Post #: 66151864
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Originally posted by Port Vale: ↑

"So just on that simple basis, say the JV produced 2 tonnes. It sold 1t to PLL at $900 and 1t on the spot market for $4,500.It has revenue of $5,400. Costs would be $1,000 (2 x $500/t).The JV has made a profit of $4,400 and that profit belongs to the EQUITY partners ($3,000 to SYA and $1,100 to PLL)"I disagree with your reasoning:...The earnings (profits) of the venture all belong to SYA. PLL has a shareholding in SYA, therefore it has the same entitlement as any other shareholder in SYA, including you and I (assuming you are, in fact, a shareholder?). What PLL will get out of the JV will be proportional to its shareholding in SYA - PLUS any benefit of its agreement to purchase @ $900/tonne under the terms of the agreement which is an entitlement accruing to PLL only. There is only one entity running this venture, SYA (SYQ under SYA umbrella) PLL is a shareholder of SYA with a seat on the BOD.

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https://piedmontlithium.com/wp-content/uploads/Presentation-January-2023-Final.pdf

If you look at the NAL cashflow slide on the Piedmont presentation it beaks down, in different shades, the cash from offtake at different lithium prices and the cash from 25% economic interest in SYQ

SYA Price at posting: 23.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.0¢		Change -0.001(3.23%)		Mkt cap ! $308.7M

Open	High	Low	Value	Volume
3.1¢	3.2¢	3.0¢	$509.3K	16.52M

Buyers (Bids)

No.	Vol.	Price($)
118	27732453	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.1¢	3034261	11

View Market Depth

No.	Vol.	Price($)
116	26989891	0.030
55	8920175	0.029
42	3956310	0.028
18	3255742	0.027
9	3717619	0.026

Price($)	Vol.	No.
0.031	3034261	11
0.032	5648930	29
0.033	6508349	24
0.034	4696812	29
0.035	11073153	40

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