Synlait shares take a hammering
Troubled milk processor Synlait's share price is taking a hammering as nervous investors offload their stakes.
Penno scored himself a nice gig as the head of the Freshwater Leaders Group and has been touring the country trying to sell the water reforms and telling farmers they will no longer be able to convert to dairy or irrigate.
But many have pointed out to your canine crusader that it’s rich of Penno (who has certainly got rich) to be calling on farmers NZ-wide to clean up their act.
Especially while developing Synlait, he cut down acres of forests in Canterbury, converted it to dairy land, raised the N and P levels in the waterways around central Canterbury and then sold out to the Chinese.
Talk about pulling the ladder up behind you, Johnny-boy!
