"It's going to be a slog to grind higher from here given its...

"It's going to be a slog to grind higher from here given its large market cap, already high multiple valuation and diminishing growth profile".

You do know plenty of so call experts have been saying the same thing about A2M all the way back from the $2 days.
Think about it, the company has always been conservative with growth estimates and ends up over delivering. If the board who knows better than than any outsider how sales growth is going, do you really think they would be pursuing the path of purchasing their own IF production plant. If they are successful this new addition is not going to replace Synlait IF product, its being done to add to Sylaits production just to keep up with projected future demand.

Typically when takeover events like this happen the target company shareprice rises while the purchaser drops because of the extra debt involved in the purchase. With A2M's cash pile they will only need to access 50% of COH so no debt needed so it should work out to be cash positive from the day it starts pushing out A2 product.

You are entitled to your opinion but if the scenario of diminishing growth was true management would not be pursuing the option of purchasing their own plant if this was the case. Do you think after growing the company in 5 years from a few hundred million to over 13 Billion company they dont know what they are doing or know what is required to keep with demand after all this time ?