SM1
Click for more information
1.67% 29.5¢ synlait milk limited

SM1, page-834

  1. minimoke
    2,909 Posts.
    lightbulb Created with Sketch. 434
    clock Created with Sketch.
    18/09/23
    08:49
    Post #: 69894617
    A2M are just cancelling the Exclusivity of supply. Not supply in total. But A2M have also flagged they intend getting 3 SAMR registered suppliers in place. One no doubt being Mataura.

    So, as demand for A2M's product increases this extra demand won't be met by SM1.

    The main issue here is that it appears SM1 haven't been able to meet just the basic supply agreement requirement to DIFOT. So this means they can't be selling as much to A2M as they could. Nor as much as they planned to. So not as much as required to keep bankers happy. Which means reduced revenue. Which means greater stress on banking covenants.
    SM1 Price at posting: $1.18 Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

GML Gateway Mining sells WA Eastern Montague gold project to Brightstar for $14M – half of that in shares
right-arrow Created with Sketch.
MAG Magmatic defines 6km copper trend with grades of up to 6.5% at NSW prospect
right-arrow Created with Sketch.
TG1 TechGen Metals kicks off airborne geophys survey at Sally Downs copper play – a first for the permit
right-arrow Created with Sketch.
LML Lincoln repositions Kookaburra for low-cost graphite delivery
right-arrow Created with Sketch.
WCN White Cliff wraps up Canadian fieldwork programs – 'visually confirming' a slew of minerals
right-arrow Created with Sketch.
KAI Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
right-arrow Created with Sketch.
watchlist Created with Sketch. Add SM1 (ASX) to my watchlist
(20min delay)
Last
29.5¢ 		Change
-0.005(1.67%) 		Mkt cap ! $64.48M
Open High Low Value Volume
29.5¢ 29.5¢ 29.5¢ $1 2

Buyers (Bids)

No. Vol. Price($)
1 15000 27.5¢
 

Sellers (Offers)

Price($) Vol. No.
29.5¢ 19998 2
View Market Depth
Last trade - 11.56am 02/08/2024 (20 minute delay) ?
SM1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.