MCY looking to takeover TLT's NZ's assets in partnership with QIC taking the AU assets.
Would be a fantastic buy for MCY if they can get it over the line.
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MCY looking to takeover TLT's NZ's assets in partnership with QIC taking the AU assets.
Would be a fantastic buy for MCY if they can get it over the line.
Too boring for anyone to talk about? At least you have to love Grant from Jarden asking today what everyone else on the call was thinking about MCY's potential acquisition of TLT's NZ assets even after they said they will absolutely not talk about it as part of the presentation. Good on him for trying!
The Lake Taupo 'hydro-battery', which feeds all of Mercury's collective Waikato 1059MW of hydro-generation operates a little differently to other hydro-storage and generation systems.
This submission by Mercury is a repository of useful information for those interested in more detail as to how Lake Taupo is operated.
https://www.taupodc.govt.nz/reposito...%20Mercury.pdf
SNOOPY
https://www.nzx.com/announcements/368722 Mercury considers Green Bond offer.
I am not impressed.
What do other shareholders think of this?
I don't think MCY will "go broke" over this issue but labelling it "green" is the fashionable thing to do, most MCY assets qualify, and it won't cost the company any more - or less!
Let's not forget who is the majority shareholder. And that there will have been quiet chats to make sure the narrative is being correctly followed.