A no vote means one thing, that the entire future of SM1 and assets are totally up to the banks and if they are willing to keep on giving extensions, considering the history up to now one must imagine that a no vote may be the last straw. The whole amount becomes repayble on the 31st if things don't happen and bond holders also have a right to call once default occurs.
As for the arbitration process between a2m and SM1 considering that it is confidential one wonders how you can make such sweeping statements, one could imagine that if anyone did have some knowledge it would be Bright and they appear to be still happy for the process to continue so one could say that just maybe Sm1 have a case, who knows I certainly don't on the information available.
The disruption to supply for A2m could become substantial if Sm1 cease trading(business activities cease, recievers appointed) and a fire sale occurred, which is most likely the case if the vote doesn't get up, Sm1 and A2m have agreed volumes the ability for A2m to stockpile IF in case of worse case scenario has been very limited.
Laters.
Synlait, page-158
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Last
$5.77 |
Change
-0.130(2.20%) |
Mkt cap ! $4.171B | |||
| Open | High | Low | Value | Volume |
| $5.87 | $5.91 | $5.77 | $8.457M | 1.452M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 12297 | $5.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.82 | 7000 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |