What else will ATM/ A2M do with cash? In a low interest rate environment with quantitative easing required to get the economy moving not to mention negative interest rates, I would not blow money and would hoard whatever I could.
They may need to invest in Attorneys against Lion, any potential appeal process, supplementary feed, Lucerne Hay will not stay this low forever, any potential lowering of the GDT price, acquisitions of farms across the North and South Islands and of course any potential earthquake on the South. POO may rise as well and that may negatively impact transportation costs for whole A2 milk not to mention freight for IF and yoghurt to the P.R.C.
Why holding so much cash?, page-11
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