I don't agree with your rationale here mate. The partner of JV can only benefit or risk rewarded through the success of JV. It is called conflict of interest in corporate law if one party is profiting from an internal arrangement on the cost of JV. You can argue that PLL doesn't have the intention to do so at the time of signing the original OTA when the lithium price was subdued. But the situation was totally different when they renegotiated the second OTA with PLL.
I don't agree with your rationale here mate. The partner of JV...
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