PLL 3.13% 16.5¢ piedmont lithium inc.

PLL General Discussion, page-2040

  1. 2,774 Posts.
    lightbulb Created with Sketch. 6047
    The offtake agreement was written by the same individuals, companies and most likely legal teams that would have written the shareholder agreement.

    100% agree its a separate agreement but I can also assure you, when writing new contracts you look at what clauses, structures and wording you have used in past contracts that have worked well (or appeared to work well at the time). If the offtake agreement has both need to agree clauses, there's a really good chance other contracts between the two parties will also have them.

    Phrased a different way, both parties have a veto around a carbonate/hydroxide plant getting preferential ore supply. Unless both agree, the existing 113kt offtake arrangement remains. You have seen a minority shareholder having a veto because despite all the SYA comments to the contrary, unless PLL agrees to carbonate/hydroxide the existing offtake agreement remains. There is your example of the minority not being able to be trampled upon by the major partner.
 
watchlist Created with Sketch. Add PLL (ASX) to my watchlist
(20min delay)
Last
16.5¢
Change
0.005(3.13%)
Mkt cap ! $68.05M
Open High Low Value Volume
16.0¢ 17.0¢ 16.0¢ $220.9K 1.341M

Buyers (Bids)

No. Vol. Price($)
4 102400 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 166660 9
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
PLL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.