And in the meantime another juicy higher divvy than last year just hit bank a/c.
Printable View
And in the meantime another juicy higher divvy than last year just hit bank a/c.
https://www.nzx.com/announcements/343047
Might be a bit more power becoming available ? Supply / Demand.....price of power might go down a bit.
My new SolaHart water heater not looking quite so smart maybe.
Sounds like a bit of gamesmanship from rio Tinto the current price of aluminium is up about US$200 since the 2015 low when the smelter last had a go at the government and meridian from memory.
If the government upgraded the powerlines and HVDC cable north MEL could send the power north...
tanking the price of all gentailers , anyway if they close the smelter it will be years away as they wind it down.
I think the remediation costs are the scary thing for Rio/Sumitomo if they shut - last estimated at $256m.
Cheaper to keep it running......
Still needs to fall $1 or more before it's near fair value.
At least john key isnt around to give the smelter lads $30 million. MEL would make a sh&t load more profit selling to the public anyway.