Quote Originally Posted by peat View Post
Is it good news?
More like not bad news
It only grants the right to appeal. It doesn't comment on the possibility of the appeals success, other than considering that it wont waste the Courts time, so in a very minor sense I guess its a nod. But... could still well fail.
In the Meantime until mid-2020 when the Supreme Court Hearing happens and makes its judgement, it looks like a prudent decision to just get on with business and process all that milk at Pokeno. Get the China certifications and build the supply side.

It would have been idiotic and poor decision making to have just stopped everything after the appeal court ruling just in case it didn’t work out.

Too many folk here have hoped for a train wreck when in actual fact it appears Synlait have taken a prudent path just getting on with the business.

All the nonsense about pink fonts, diversity etc just diminishes the otherwise stellar reputations of the detractors who grasp at every straw trying to detract from the good management decisions.

Egg on faces.

In any event, it will be many months until we know the outcome of the court hearings on the covenants. Meanwhile its business As usual and little space for the non holding detractors to exercise their lessening influence.

Clearly the market already knows that in as much as the share price has debunked the outspoken naysayers.