A2M could probably move to a 50/50 ownership deal with conditions attached that some of the funds paid are to be used for a reduction in debt by Synlait ?
As we all know A2M have sat on a truckload of cash for a long time .... although interest rates have increased, I am sure there are better uses for it - whether that is in further Synlait investment remains to be seen ?
Who knows what David Bortolussi and the BoD have earmarked the bulk of the cash for but it has been sitting idle for a long time save and except for the $150 million buy back ? GLTAH
A2M Price at posting:
$5.23 Sentiment: Buy Disclosure: Held
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