For what its worth, we already know there are T&C's whereby the majority shareholder (SYA) needs agreement of the minority shareholder (PLL). The T&C whereby joint agreement is required for the PLL offtake to be preferentially supplied to a Carbonate/Hydroxide plant has been widely documented is one example. Knowing there's is at least one example where both parties need to agree before the action can occur, why is it really such a stretch to consider that more examples don't exist or that a both shareholder agreement clause doesn't exist in other locations?
We know from the offtake that there is both a floor (US$500/t and a ceiling US$900/t). Only an idiot would think there wasn't robust legal and operational thinking around what would happen if a low price scenario were to return given the project history NAL has. If the intention was for SYA to be able to say this isn't profitable for me I'm going to put the project into C&M, why does the offtake agreement have a floor price?
PLL Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
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