"The future is not SM1 as sole supplier of IF into China"
The main market for a2m main product, the a2 platinum, is ANZ and China. The SAMR for the product is BOUND to Synlait and sealed with exclusive, multi years, supply agreement.
So how much of that product is produced by Synlait over the years for sales in ANZ and China?
2016 - 100 percent
2017 - 100 percent
2018 - 100 percent
2019 - 100 percent
How many other agreements with other suppliers have a2m signed to supply them with a2 platinum ever since conception? None.
Those are the facts. The fact is that there has not been any diversification of supply. So you are utterly and completely wrong.
SM1, page-256
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