The problem is the shareholder agreement is the shareholder...

The problem is the shareholder agreement is the shareholder agreement- the respective parties are 75:25. I have never in 20 years saw a shareholder agreement that gives a disproportionate privilege to a minority shareholder. Never- not ever. If a vote is unanimous as you point out surely this will be in accordance with the shareholders voting outcome. The OTA is a commercial agreement for up to 50% of production - don't mix this up with voting power. Indeed I believe PLL wouldn't want JV ceasing operations for obvious reasons no more than I would or indeed SYA. However, markets change and shareholders will have their respective say. C&M is just an option and it's not just to purposely void PLL agreement- it's about protection of shareholder wealth.

My buy sentiment continues to be a buy, because I don't believe it will go into C &M, purely because allot of cost have been sunk and we can weather this storm for at least six months- by then restocking will have started and Mr Biden's juicing of the US economy will have begun in preparation for the elections late 2024.