With UDC @$6 with .25c sign on, Fonterra @$5.70 with .40c repay which new suppliers will also receive and Fonterra NZ close to A$6, clearly MG opening price includes a disguised MSSP clawback.
Blaming it on David is pretty lame. A no experience milk board of directors may be appealing to you, however, I'm not sure if even Ari would agree.
What happens at MG board meeting will decide if we soldier on or change.
IMO MG needs new ownership and I would be surprised if there would be 10% farmer co-op zealots left to stop it happening.
MGC Price at posting:
62.5¢ Sentiment: Buy Disclosure: Held