Personally I reckon the likeliest outcome from here is capital raising that will be announced on 2 April alongside results.
I don't know why Bright Dairy would want to lend financial support without any additional stake in the company (which is not possible due to A2M's blocking stake). And after this $130M Synlait has a further $180M financial hurdle in December this year.
There could be range of outcomes from here. I think the likeliest ones are fairly neutral for A2M. The most beneficial would probably be if Bright were to sell out to A2M. But I doubt that's likely even at this point.
Personally I reckon the likeliest outcome from here is capital...
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Last
$7.18 |
Change
0.020(0.28%) |
Mkt cap ! $5.190B | |||
| Open | High | Low | Value | Volume |
| $7.18 | $7.23 | $7.13 | $12.81M | 1.785M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3865 | $7.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.20 | 7121 | 7 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$7.18 |
Change
0.020 ( 0.20 %) |
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| Open | High | Low | Volume | ||
| $7.18 | $7.23 | $7.13 | 1306035 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| A2M (ASX) Chart |