rgrant,
and do you think the tel calls had any influence on the vote? Most posters here say they gave the caller a good idea of their NO voting intentions.
Like many other retail shareholders, I'm well underwater on this holding, but the Li market is a dire place at the moment.
Many on HC commented on their view of JB, a lot of negative and sometimes offensive personal body shaming thrown in, but he came across as someone who knew what he was talking about at the AGM.
Altura gets mentioned a lot here, and I have not researched that too much, but to some extent it appears to me they were caught out by excessive debt and the debt owners then pulled the rug from under them. At SYA, at least we do not have debt and are producers, albeit with a very badly negotiated offtake with PLL. People here laud Brell Lynch as some sort of messiah but he was a part of the team that signed this unfair offtake agreement. BL made a lot of bold statements and talked it up, with subtle "nod nod wink wink" cryptic photos of the SYA team in Korea, but did they deliver? No. The success of the NAL plant operation is predominantly due to the production team at NAL.
As a shareholder, I am extremely unhappy with my invesrment shrinking dramatically. But one has to understand that until the Li macro improves, share prices will remain subdued.
Also, we all want downstream processing to happen, but I bet no one wants more shareholder dilution through capital raises. So, SYA are exploring partnerships with those who have the money, knowledge and acumen to assist them to do so. At this moment with a depressed market, that task is so much harder and SYA has to watch that they don't get an unfair deal sold to them.
None of the above is aimed at you, just commenting in general on several issues currently in discussion on this thread.
Have a good day.
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