PLL General Discussion, page-1998

Just amazing what is written ...

So I see Care & Maintenance is the flavor now. I did put up a response to an earlier C&M post by this poster .... as if companies can just walk away from binding agreements. PLL has a binding OTA with Sayona Quebec.



and




Putting NAL into C&M would guarantee that SYQ enters administration long before PLL ever would.

To paraphrase the poster:
SYQ not "meeting their legal requirements to Telsa - sorry PLL - for spodumene, would almost guarantee SYQ into administration. PLL might even pick up all of NAL as compensation and then void the JV and downstream processing with it (yeah that's a bit fanciful but hey - there are consequences for breaking agreements). Still think we (PLL) as SYQ's largest customer could force them to find alternate supply to fulfil their OTA obligation.

PLL could maybe claim force majeure with TSLA & LG maintaining that Sayona (not SYQ) starved SYQ of capital if they chose C&M.

Curious they seem to think it is PLL that will fail.
#1 SYQ has to supply PLL with 113kt SC in 2024 .... doesn't have to be evenly distributed but it does need to be delivered ... else there are consequences.
#2 Low (or even uneconomic) prices are not acceptable reason for breaking an OTA.

Interesting conundrum