SM1 0.00% 36.5¢ synlait milk limited

Ann: SML Announcement - Supreme Court Update, page-458

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,932 Posts.
    lightbulb Created with Sketch. 436
    If, as counsel for synlait states, synlait has no concerns "about dust, particulates, noise or whatever else might result" from Mr Ye's quarry ambitions, then it is probably fair to say that neither do Yashilli or Winstone. So bringing them into the argument does not assist Synlait. Those two parties appear unlikely to have those as valid Resource Consent concerns.

    Counsel for Synlait also says the neighborhood has substantially changed. From a "rural idyll" to a "commercial hub.". This is incorrect. The land was originally owned by Winstone aggregates for the purposes of quarrying - so this "rural idyll" is a fantasy the supreme court will soon see through.

    Macdonald Road also have restrictive covenants on it. So quite clearly it was envisaged that there would be a buffer between the quarry and developments above MacDonald road.

    The land next to the proposed Yashilli extension (also above Macdoanld road) also has current restrictive covenants on it. We may get to hear these facts in the hearing.
 
watchlist Created with Sketch. Add SM1 (ASX) to my watchlist
(20min delay)
Last
36.5¢
Change
0.000(0.00%)
Mkt cap ! $220.1M
Open High Low Value Volume
36.0¢ 36.5¢ 36.0¢ $655 1.814K

Buyers (Bids)

No. Vol. Price($)
3 8743 36.0¢
 

Sellers (Offers)

Price($) Vol. No.
36.5¢ 27074 1
View Market Depth
Last trade - 15.33pm 12/11/2024 (20 minute delay) ?
SM1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.