Wrong presumption. There are known quality and inventory supply problems. If they were a "fine operator" A2 and Synlait wouldn't be meeting informal of an arbitrator.
That's without even looking at their due diligence failure of Talbot and the mess that ended up in.
Ann: Market update deleveraging plan, bank covenants, guidance, page-102
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Mkt cap ! $57.92M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 27.5¢ | 26.5¢ | $3.863K | 14.19K |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 15409 | 26.5¢ |
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|---|---|---|
| 29.0¢ | 7000 | 1 |
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