I was foolhardy enough to buy some SML shares yesterday without knowing about the court case. Having just read Tompkins-Wake's summary of the whole mess, I can see why it is taking the judges so long. The farm-forestry-only covenant was so Winstones could quarry rock from the neighbouring land without disturbing people who might build homes on the land that Synlait eventually bought. But Winstones never established a quarry there, and the district council rezoned the Synlait land as industrial.
If the Supreme Court judges in favour of Sylait, my shares triple in price, and if the Court doesn't, I suddenly have penny stock. Hmmm...
https://www.tompkinswake.co.nz/insig...dairy-factory/