Bonds are interesting the way they are priced. It might be at 35% but because of the short datedness, as someone pointed out to me yesterday, you still get 80 cents in the dollar for them currently. Rather be a bond holder at the moment than a stockholder.
Lord knows what they are cooking up- but it better be good given the current market info is 130M due soon, 180M due on bonds in December. Manziel suggests they need to take a sober view of 12 months liquidity....
No worry. Bright Dairy and A2 milk would find a solution. Some persons at Synlait have to leave in exchange for the safety of their assets. The sooner the better for all.
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Originally Posted by Newman
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