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Originally Posted by Arndale
Not so great that TTR has been refused marine consent application today.
It will be interesting to see if they now do some more research and appeal.
One of the difficulties they must have had in demonstrating the economic benefits to NZ may have been in their decision to IPO after a marine consent approval. One could argue, that was just as well, or one could argue, that along with the lack of research it showed a low confidence of success.
An earlier IPO along with better environmental data may have swung it the other way.
The economic benefits to NZ would have been greater if a proportion of their shareholders were actually New Zealanders at the time of assessment.
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