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Speaker 1: This dairy auction thing that's been going on so far

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Speaker 1: this year. Three auctions, three fantastic results, and yet we

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Speaker 1: still have trouble at Sinley, therefore casting a loss in

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Speaker 1: between seventy seven and ninety two million for the six

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Speaker 1: months to jan. It's the old Dunsandal plant to blame.

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Speaker 1: Of course. Willie Leffrink is the Sinley supplier or a

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Speaker 1: Sinlay supplier, former Federated Farmer's Dairy Cheer, and he's back

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Speaker 1: with us. Willy morning, good morning.

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Speaker 2: How are you very well?

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Speaker 1: Indeed? Are they on a path that gives you confidence?

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Speaker 2: Ah? Yes, don't. I don't think there's is. It is

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Speaker 2: what it is, and I think there was more wrong

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Speaker 2: with sin Made than only just the financials. I think

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Speaker 2: they had a problem in the factory as well as

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Speaker 2: I don't think everything was resolved on day one. So

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Speaker 2: it's a long process and I have full confidence in

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Speaker 2: the current management to get that sort.

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Speaker 1: Would your view line up with the other suppliers.

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Speaker 2: I haven't talked a lot. People are worried, but as

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Speaker 2: long as we get played and where do we go?

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Speaker 2: You know, we have this fly contract, so we can't

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Speaker 2: just move from one day to the next to a

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Speaker 2: diffree factory.

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Speaker 1: They've shuffled the people. Do they have the right people

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Speaker 1: as well as the right plan?

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Speaker 2: Richard, the current CEO has a good track record of

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Speaker 2: running factory. He brought in some specialist people to get

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Speaker 2: the factory back on track, and I think there's a

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Speaker 2: reasonable good culture there, so let's hope that it works.

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Speaker 1: Are they in communication with you guys on a regular

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Speaker 1: basis and trying to bring you along for the so

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Speaker 1: called journey?

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Speaker 2: Yes, yes they do. We had a letter not so

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Speaker 2: long ago from the CEO and saying, hey, things that

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Speaker 2: are not as good as what they might have been.

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Speaker 2: And so I read from that letter that the financials

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Speaker 2: wouldn't be as good for the heart year result as

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Speaker 2: what we're hoping too.

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Speaker 1: Okay, without getting into the weeds and boring everybody whitless around,

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Speaker 1: you know if you're not involved in this, But the

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Speaker 1: North Island operations they've sold that they're going to pay

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Speaker 1: down some debt. That helps. They've gotten insurance pay out

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Speaker 1: for dunsandal. I'm assuming that helps. Are we on the

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Speaker 1: right track to a better day? And when Willy do

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Speaker 1: I ring you and you give me the good news?

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Speaker 2: I would say another year or I and then all

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Speaker 2: the all the you know, the distractions are gone and

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Speaker 2: they can focus totally on on one factory and uh

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Speaker 2: and yeah, it was probably a complex biast for for

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Speaker 2: for what it was.

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Speaker 1: Yeah, you're happy with the auctions this year so far,

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Speaker 1: three and three three turks and then come on.

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Speaker 2: Yes, we have some mate in America. They're just facing

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Speaker 2: the opposite. I think the Trump put a huge dend

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Speaker 2: in trades relations around the world and we have one

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Speaker 2: of the beneficiaries of it.

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Speaker 1: Exactly good on your mate, notics to catch up, appreciate it.

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Speaker 1: Willy Livering, who's Ashburton based sin lar supplier, and he's right,

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Speaker 1: by the way. The farming situation dairy wise in America

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Speaker 1: is a disaster. It's drought, it's it's herd sizes and

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Speaker 1: they're scene. There's no end to that. And that's applicable

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Speaker 1: not only to dry but also to red meat. So

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Speaker 1: that's encouraging. But Sinila is a very good example, and

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Speaker 1: I pray fingers crossed they get it right and they're

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Speaker 1: out the other side. But this is part of the

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Speaker 1: ongoing economic story that never ceases to amaze me. Explain

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Speaker 1: to me how it is in a booming industry, you

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Speaker 1: can still have a company that's got problems the same

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Speaker 1: way the warehouse has problems in retail. You go, oh, well,

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Speaker 1: retail's really difficult, is it. We'll ask Brisco's how come

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Speaker 1: Briscoes do records and the warehouse don't. How Briscos continue

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Speaker 1: to sell more stuff and your yard's team, well is it? Well,

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Speaker 1: how come Briscos are at record levels but the warehouse isn't.

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Speaker 1: So there's every everybody's got an individual story. That is

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Speaker 1: what I'm trying to say. For more from the Mic

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Speaker 1: Asking Breakfast, listen live to news talks. It'd be from

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