The pink colour of the headline will appeal to some. I would have thought an appeal to the supreme court is almost certain but they're quite a long way into a ~ $260m debt funded construction process so what do they do in the meantime, stop construction ? What does this mean for suppliers who have signed up to supply milk from this spring ?
Talk about throwing the cat amongst the pigeons !
Trying to find details of the appeal at the moment. I'm selling most my holding this morning. I took longer to convince than the likes of beagle and friends but I'm coming around to their thinking.
If the appeal to supreme Court doesn't overturn then those effected by the land decision may seek damages from sml
Getting in front of the Supreme Court wont happen tomorrow and the SC have an appalling record with coming out with timely decisions.
You can add mind-reader to your C.V. mate as that's exactly what I was thinking.
Originally Posted by minimoke
That little pink p and little pink e has made me feel all fuzzy and warm. Such a nice touch. Must have taken ages to work out where those delicate little colours should be placed.
Yeah I noticed that too, where's my pink teddy bear ?, this is so incredibly PC I am really tearing up and need a cuddle lol
Last edited by Beagle; 10-05-2019 at 11:15 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Yeah, it could be 1:2 scrip bid shortly the way things are going....and to think these two were matching share price pace, stride for stride at one stage last year.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
Basically (from my quick read through) there's some land that was subject to covenants that it stay as farming land because Winstone were going to develop a quarry nearby. They never did that, the land was rezoned Industrial 2 and other factories (Hynds concrete and Yashili dairy) have now been built on it or nearby. The high court decided that because of the rezoning and the changing nature of Pokeno it wasn't reasonable to continue the covenants. Apparently only a small part of Synlaits land extends into the area affected by the covenant. The owner of the original Winstone site seems to think he can have it rezoned residential and naturally wants to protect the rural outlook.
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Originally Posted by Beagle
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