3m shares on the offer at 70 that never got matched at close.
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3m shares on the offer at 70 that never got matched at close.
No CR? No asset sales?
SML have to have done a deal with their ( new?) bankers??
so true- the Synlait board has let this dispute play out, which seems to be inflated ego from Synlait towards their biggest customer A2M. My mum used to say don't bite the hand that feeds you, and Synlait should have reflected on that. It sounds like a toxic situation, driven by an uncontrolled aggressor inside Synlait. I hope the class action lawyers turn their attention on this and not on A2M. What a waste of value. Something like 700 mill lost in the last year.
It’s their absolute nonchalance that has me intrigued, they have gone out of their way to keep the market in the dark…I may be very wrong but feel they have this sorted.
If they have it sorted, they really should tell the market. Anyone selling at low prices could miss out on SP gains if they withheld information…
I agree, they should disclose…but I think it will be a case of it just “magically “ happened around results time…
The big boys would have been reacting with some decent sell liquidity by now if SML were going to default,
Either way only another week till cards are laid out in the table,