SYA 3.13% 3.1¢ sayona mining limited

VOTE NO AGM 2023 RESOLUTION 1-5...... NO, page-1340

  1. 2,071 Posts.
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    Remove the $900 cap and the first 113dmt should belong to SYA. Otherwise its not economically viable for SYA to produce. SYA board, in my view, has made a serious error with the agreement. Why is PLL as a partner and significant shareholder of SYA supplying to LG through PLL instead of SYA to LG direct?

    " NAL is a project of Sayona Quebec, a joint venture between Piedmont and Sayona Mining Limited (ASX:SYA). SC6 production at NAL is expected to restart in H1 2023, with commercial shipments expected to begin in Q3 2023. Piedmont’s offtake agreement with Sayona Quebec entitles Piedmont to purchase the greater of 113,000 metric tons per year or 50% of the joint venture’s SC6 production. The Company’s purchases of SC6 from Sayona Quebec are subject to a floor price of $500/ton and a ceiling price of $900/ton for the life-of-mine term. "
 
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