http://www.nzherald.co.nz/business/n...ectid=11250373
Potentially just a bit of 'lost in translation' - but if this piece is correct then Synlait's 'stockpiles' are actually worth whatever we can flog them for anywhere other than China.
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http://www.nzherald.co.nz/business/n...ectid=11250373
Potentially just a bit of 'lost in translation' - but if this piece is correct then Synlait's 'stockpiles' are actually worth whatever we can flog them for anywhere other than China.
They are updating their plant to meet the Chinese requirements. And have been
doing this for some time. Updates will be finished in June 2014.
Word on the grapevine.... this Chinese surplus is probably now going to India.
BB
Yes I agree, But these guys have known about the changes for some time, thats why
they are updating plant. It's this product that has been put up in a timing error (according the the Chinese)
Thats causing the problem. Did the "they's" miss inturperate . Seams so !!
BB
BY the way .....we are not talking about total product here.
I forget the actual amount, someone else might know
BB
The media are creating their usual sh*tstorm over this issue at present , does'nt help the shareprice and just creates uncertainty. But the Sky's not falling and theres little sense in running round in circtes, things will settle , Synlait will go on producing and selling product (to someone) and they'll get registration . trading will return to normal when that happens. I'm sure Bright dairy will be giving Synlait a rev up too.
actually - I send yesterday a question to their investor relations asking what, if any impact the latest MPI announcement would have on them. Their response: "Any impact in relation to the announcement by MPI will have very little impact. We are continuing to work with MPI and CNCA to ensure any impact is minimised and if possible removed altogether."
So I guess its business as usual ...