PLL 0.00% 11.0¢ piedmont lithium inc.

The offtake agreement is a separate commercial agreement, it...

  1. 1,372 Posts.
    lightbulb Created with Sketch. 508
    The offtake agreement is a separate commercial agreement, it would have nothing to do with a shareholders agreement. I will give you an example - if SYAQ had another onerous off takes (I'm talking about the other 50% of production). Say we were selling 113,000 at a loss of $400. If these were loss making would PLL expect SYAQ to continue making a loss (let's assume there was no OTA with PLL), thus putting PLL investment at risk ? Sure there are protections for JV partners, but not to the extent that a minority shareholder dictates strategic operational precisions. I'll say it again I've never - ever saw a minority shareholder having a veto over majority shareholders. Never- this I indeed would be crazy. Additionally, if we were selling at a loss, the cash burn would be so serious that JV partners would have a cash call. So PLL would hectares to subsidize their proportionate loss making position (eg 25% holding )
 
watchlist Created with Sketch. Add PLL (ASX) to my watchlist
(20min delay)
Last
11.0¢
Change
0.000(0.00%)
Mkt cap ! $45.00M
Open High Low Value Volume
11.5¢ 11.5¢ 10.5¢ $107.3K 969.1K

Buyers (Bids)

No. Vol. Price($)
14 1237832 10.5¢
 

Sellers (Offers)

Price($) Vol. No.
11.0¢ 570099 6
View Market Depth
Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
PLL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.