Wouldnt they have to have OiO approval for this to happen ?
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I would wonder if Brights plan was receivership then it doesn’t make sense to put up the loan? Simply let SML default on the 130 mil and they get that outcome? No risk that shareholders will vote it in etc?
My thoughts are that A2 do not want to be part of a capital raise which will see them lose their blocking stake as Bright will increase their holding…
It’s such a pity, SML need a major volume customer, A2 need a manufacturer (and it helps that this one is a direct channel to their biggest market) I hope this gets sorted out and they make up and all make money again 👍
If the loan goes through, then what? company is still buggered bcos its not producing enough op cashflows
.275 another atl !
Dunsandel can keep trading as long as they meet samr regulations ? any new owner may or may not need to apply for new licence.to operate facilty. guess chinese company would have relationship with regulators making new licence quicker ?
$56 million total market cap, I am buying more at that price. Bet something is left after liquidation in the worst case scenario.
Emotions and sentiment cloud judgement - hope you know that.
Synlait would be in receivership already according to the many predictions made in the last 6 months but it is not.
The simple answer is Bright, Bright and Bright.
If anyone has dealt with the Chinese from China, they would know that 'face' is very important to them and when a state-owned enterprise spokesperson make a commitment, it is a commitment backed up by the enterprise.
https://www.ruralnewsgroup.co.nz/dai...port-steadfast
Go through what Bright representatives have said about their support for and of Synlait - and they are showing their support.
Can't help it if the market and commentators choose to think otherwise. As they say, money talks loudest.
As for the Chinese taking over dairy manufacturing in NZ, that is cuckooland stuff and will never happen.
PS. Like Sky TV (and Radius), I certainly will be buying during the CR to come. And yes, the lower the sp (cum-CR), the better.