That appears to be the question now doesn't it.
The door may get opened (the resource alone and the fact it is producing now would do that) but parlaying what SYA has in SYQ appears to be problemmatic (and its not a PLL problem as they parlayed with TSLA and LG Chem ... but that circumstance is fundamentally different not that we need to go through it yet again). SYQ needs to stand on its own 2 feet (the quicker the better) and stop fronting up with its hand out because it has spent all its pocket money.
It was posted earlier (not by you) that SYA can go broke because it has no debt.
Well, PLL has no debt so it can't go broke either
And SYQ has no debt so it can't go broke either
None of those 3 statements are true.
SYQ can go broke if SYA and PLL refuse to inject further equity capital to pay the bills.
SYA can go broke if by its continued funding of its equity share of its JVs depletes its own capital and fails at raising new working capital
PLL can go broke in exactly the same fashion
Both SYA and PLL can accelerate their own demise by "breaking" agreements (e.g. look at CXO and their provisions for "onerous contracts" and the definition).
So the door may get opened for JB but why does it get slammed shut ... what are we not being told. What did GM at CXO not tell his shareholder base about his contracts and how that works in a low commodity price cycle.
The good news (maybe) is the cycle is turning (or is it just a head fake?). Very keen to see the ALB and PLS auction results for price discovery ... note the terminology (the same as say the NASDAQ whereby the dealers control the bid-ask spread ...)
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