Well, the Synlait announcement is out and they have well and truly thrown A2M under the bus, suggesting further reduction in IF demand.
Yet still no announcement from A2M, implying they are still on track. It just doesn't add up and the market is going to savage both companies further IMO.
With Synlait's announcement today I would say A2M have to come out now and reaffirm their guidance (or revise if it is no longer accurate). Depending on the size of the drop today they might get an ASIC speeding ticket which forces them to acknowledge it. All IMO, good luck.
Media Updates, page-12609
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$6.88 |
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