Havent got to feeling any easier over Cavalier's take-over of WSI attempt.
I think they're doing it to control the price they have to pay to acquire wool for their carpet manufacturing process, in short, not good news for us wool-producers having signalled our attempt to help ourselves with the now failed WPI.
They'll achieve it by being the sole conduit for wool leaving NZ.
They've already signalled their position by not paying any heed to Robert Pratt when he was a member of their board pushing for vertical integration, farm to mill.
Of course, we producers might consider trying the reverse take-over.
If we're prepared to put up $1 per kg wool produced to fund WPI type proposals, then why not the same to buy a substantial share of Cavalier, and get corresponding membership of the board?
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