Well it cant really be read badly from SYA standpoint. As I said, worst case a chuck of shares are sold on market to shorters or retailers so a drop in SP for SYA.
Then even if PLL owns 25% NAL and gets 50% of produce they now will not get as larger chuck of the pie all in all via the JV + shareholding in SYA as that will simply be JV no or limited shares.
It will fracture the JV to some degree because we are no longer bound to appears a JV partner/top shareholder. Its simply a contractual partnership or at least it appears so IMO.
But their still remains two big ifs for SYA:
Who now will by the shares? An if not the partner, it will still be interesting who sees this as a hidden gem.
An if the above occurs it leaves one stone still, in that we no longer have as strong a tie to PLL and our JV is now purely contractual, so is in fact there partnership potential or new life to follow for SYA.
I do feel for some on the PLL forum:
Imagine thinking SYAs books are so bad when our operation continues to tick a long as normal. We certainly arent a CXO on C&M at least not yet. So is it really that bad?
It will also prove to be almost insider trading in nature now if SYA was in fact to announce a C&M after a PLL sell out of that size. Something to keep tabs on in this environment IMHO.
But again I feel for those at PLL who think our books are so bad, they dont even see their own books and the now multiple shareholding sell offs just to keep them afloat atm.
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