Good for A2M, not so good for SM1.
To think, a share in Synlait was once worth almost $12 AUD. Now just 78 cents.
Even with A2M diversifying away from them, the financial viability of Synlait is a risk for A2M. Surely something has to happen - at least it feels there is some kind of reckoning coming for Synlait.
It's reached the point where I'd be happy to see A2M work more closely with Bright and take a greater stake in Synlait and its running. It would come with a price tag but it would also put the various disputes between the two companies to bed. IMO, it would only be worth it for 51% + ownership, so the question remains whether Bright would be open to that.
Media Updates, page-13756
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