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.
- Forums
- ASX - By Stock
- PLL General Discussion
The offtake agreement was written by the same individuals,...
-
-
- There are more pages in this discussion • 547 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
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($) | Vol. | No. |
---|---|---|
11.0¢ | 570099 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 999844 | 0.105 |
48 | 2653584 | 0.100 |
3 | 350101 | 0.099 |
1 | 2600 | 0.098 |
1 | 30938 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 570099 | 6 |
0.115 | 562585 | 10 |
0.120 | 427171 | 10 |
0.125 | 240534 | 4 |
0.130 | 154779 | 6 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
PLL (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online